UK-based Renewco Power will develop green hydrogen projects throughout Spain as part of a Joint Venture (JV) with INDHO.
Indhyco will develop projects which are expected to have an emphasis on industrial consumption through efficient hydrogen production close to the source of consumption, enabled by renewable power generation.
The JV will combine Renewco’s renewable energy project expertise in Europe and the US with INDHO’s experience in the Spanish green hydrogen sector. Indhyco is aiming to develop 1GW of green hydrogen projects to the ‘ready to build’ stage within five years.
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