Spanish oil and gas company, Cepsa has today (December 1) announced it will invest over €3bn ($3.15bn) to create the ‘largest’ green hydrogen hub in Europe, establishing 2GW of production capacity in southern Spain.
Under its Andalusian Green Hydrogen Valley plans, Cespa will build two green hydrogen plants with 1GW of capacity each, located in Palos de la Frontera, Huelva, and Cádiz.
H2 View understands the company intends to see the Huelva plant start up in 2026, reaching full capacity in 2028, with the Cádiz facility coming into operation in 2027.
To power the planned sites, which are expected to produce up to 300,000 tonnes of green hydrogen per year, Cepsa has said it will develop 3GW worth of wind and solar energy projects, making up an additional €2bn ($2.1bn) investment.
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