cepsa-could-curb-e3bn-green-hydrogen-plans-as-spain-eyes-permanent-windfall-tax

Cepsa could curb €3bn green hydrogen plans as Spain eyes permanent windfall tax

By Charlie Currie on Oct 25, 2024

Spanish oil and gas firm Cepsa has said it could slow its €3bn ($3.2bn) green hydrogen investments planned in its home nation if temporary windfall taxes on energy companies become permanent.

With plans to develop a 2GW green hydrogen hub in the Andalusia region of Spain, Cepsa had earmarked €3bn to step up three hydrogen production centres at its Huelva and Cádiz energy parks to produce up to 300,000 tonnes per year.

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Cepsa could curb €3bn green hydrogen plans as Spain eyes permanent windfall tax

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Cepsa could curb €3bn green hydrogen plans as Spain eyes permanent windfall tax

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