Hygreen Energy has announced it will invest up to €2bn ($2.2bn) into a green hydrogen production project in the Andalusian region of Spain.
Additionally, the Chinese electrolyser producer will manufacture and develop its technology in the region, as part of a deal with the Spanish firm Coxabengoa.
Coxabengoa plans to develop two hydrogen projects, one in Málaga for component manufacturing and another in Huelva for green hydrogen production, which will receive Hygreen’s investment. The President of the Regional Government of Andalusia, Juanma Moreno, said, “This is a key commitment to Andalusia and an important step in a strategic sector.”
The Andalusian region has ambitions to become a leader in green hydrogen across Europe and Spain, utilising its abundant wind and solar potential.
H2 View understands that the region was able to double its clean energy production capacity through a mix of solar and wind in just four years.
Moreno explained, “Andalusia has the capacity and must lead green hydrogen in Europe. This should be a collective ambition shared by the productive sector, businesses, public administration and society.”
With a current manufacturing capacity of 2GW, Hygreen sees Coxabengoa as a “strategic partner” to expand its markets in Europe, given its position across various renewable energies.
Javier Romero, Board Director at Hygreen, claimed the agreement will “significantly advance the hydrogen economy across Europe.” Romero added, “By leveraging both companies’ strengths to advance electrolyser technology, expedite market adoption, and capture the rapid growth of green hydrogen.”
Speaking to H2 View last month (July), Hygreen’s Ethan Hugh, Global Marketing Director, told H2 View that he expects the non-domestic market will overtake electrolyser demand in China by 2025.
Read more:Chinese electrolyser OEM anticipates surging non-domestic demand by 2025
He said, “North America, Europe, and Australia for example have come forward with policies and incentives. But incentives come with timelines and deadlines, and that means projects are suddenly coming on board and looking at different options of supply, and we are seeing that demand come through.”
According to Hygreen, they have already delivered over 300 electrolyser systems across five continents for industrial, power and energy storage, and mobility sectors, although Hugh said more projects will look at different supply options globally.
