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spain-selects-16-hydrogen-valley-projects-for-e1-2bn-funding
spain-selects-16-hydrogen-valley-projects-for-e1-2bn-funding

Spain selects 16 hydrogen valley projects for €1.2bn funding

The Spanish Government has selected 16 projects for its €1.2bn ($1.25bn) hydrogen valley programme, with major companies Repsol, Moeve and bp among the beneficiaries.

The Ministry for Ecological Transition has said the 16 projects will share €1.2bn of the NextGenEU funds, which will be awarded in March.

According to the subsidy ruling, projects must feature an electrolyser capacity of at least 100MW, with up to 60% of the green hydrogen output secured through pre-contract offtake agreements.

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