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    Spain and Germany seal energy alliance on interconnections and hydrogen


    October 6, 2022 - CE Noticias Financieras

     

      A Coruña (Spain), Oct. 5. Spain and Germany endorsed this Wednesday at the XXV bilateral summit their alliance in energy matters, with a joint commitment to improve the interconnections of the Iberian Peninsula with the rest of Europe and promote new sources of generation such as green hydrogen.

      The summit, held in the Spanish city of A Coruña (northwest), was presided over by the head of the Spanish government, Pedro Sánchez, and the German chancellor, Olaf Scholz, and was also attended by fifteen ministers from both cabinets.

      The meeting served to highlight once again the good diplomatic relations and the interest of the two executives to continue strengthening them and to work in different areas of collaboration.

      In energy matters, both countries assure that they will continue to push jointly to increase Spain's interconnections with the rest of the European Union (EU), in order to enhance its contribution to the continent's security of supply.

      In the action plan agreed on Wednesday, both countries defend the need to promote a hydrogen corridor connecting Spain with France through the Pyrenees (the so-called MidCat), as included in the European Commission's "Repower EU" plan, to supply gas to Central European countries.

      The construction of the MidCat has become one of Spain's main demands to the EU in recent months to combat the energy instability suffered by the continent after the Russian invasion of Ukraine and the increase in the price of energy markets.

      A few weeks ago, Scholz showed his "full" support for Spain's proposal, which Portugal is also asking for, but which France has rejected, considering that the interconnections that exist between the two countries are sufficient and are not being used to their maximum capacity.

      Spain and Germany believe that the talks to carry out this interconnection should involve all parties concerned, including the Commission, and warns of the "utmost importance" of having this infrastructure in place by 2025 to achieve a "robust" energy market, accelerate the energy transition and improve the autonomy of the EU-27.

      They also call for intensifying bilateral cooperation in energy efficiency, renewable energy, energy storage and green hydrogen, as well as exploring opportunities to accelerate the expansion of the renewable gas industry, improve infrastructure and supply chains, and establish a commercial relationship.

      Both countries call for a "future-proof design of the European electricity market" to ensure support for the decarbonization of the sector and European economies as a whole.

      In other fields, they insist on their strong commitment to the EU and NATO, "essential" organizations of a "peaceful and secure" world order.

      "Spain and Germany are committed to promoting initiatives to increase the European Union's capacity for action and to strengthen its resilience, complementarily with NATO and in a mutually reinforcing manner," the document states.

      In addition to expressing support for Ukraine, the focus is on three aspects, namely the economic protection of citizens, the guarantee of their security and defense and the improvement of their future through employability and more specifically through lifelong learning.

      An important aspect of the declaration is the desire expressed by both governments to discuss and agree on the future development of European fiscal rules.

      Both countries also agree on the importance of strengthening cooperation in armaments and the defense industry in order to strengthen European capabilities in this area.

      The defense of a social, more sovereign and geopolitical Europe and climate diplomacy and energy transition complete the issues on which Germany and Spain have a shared vision. EFE

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