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    Cepsa to invest 5 billion in the construction of the largest green hydrogen project in Europe

    December 1, 2022 - CE Noticias Financieras


      Cepsa is entering the race to make Spain a benchmark in green hydrogen production in a big way. The oil company will invest a total of 5,000 million euros to establish the Andalusian Green Hydrogen Valley ?3,000 for the construction of two new green hydrogen production plants with a capacity of 2 GW and 2,000 for the development of a portfolio of 3 GW of wind and solar energy projects to generate renewable electricity to be used in the electrolysis process of the plants ?

      Thus, the company will build two plants for the production of green hydrogen with a total capacity of 2 GW located in Palos de la Frontera (Huelva) and another one in San Roque (Cadiz). These are two of the largest facilities for the manufacture of this energy vector planned in Europe. The Huelva plant will be located next to the La Rábida Energy Park and will start up in 2026, reaching maximum capacity in 2028, and the Cádiz facility will be located in the San Roque Energy Park and will be operational in 2027.

      To generate the renewable electricity needed to produce this green hydrogen, Cepsa will develop a portfolio of 3 GW of wind and solar energy projects, which will involve an additional investment of 2,000 million euros. In addition, the company will collaborate with other renewable energy producers in Andalusia and the rest of Spain to promote the integration of the new plants into the electricity system.

      The Andalusian Green Hydrogen Valley will produce 300,000 tons of green hydrogen per year, which, according to the company, will boost the decarbonization of its energy parks, where it will produce advanced biofuels for aviation (SAF), maritime and heavy land transport.

      This project is part of Cepsa's 2030 strategy, Positive Motion, through which the company aims to be a leader in sustainable mobility and in the production of green hydrogen and advanced biofuels in Spain and Portugal.

      The presentation event of the Valley was attended by Pedro Sanchez, President of the Government of Spain, Teresa Ribera, Third Vice President and Minister for Ecological Transition, Juan Carlos Ruiz Boix, Mayor of San Roque, Jan Versteeg, Ambassador of the Netherlands in Spain, Gerardo Landaluce and Pilar Miranda, Presidents of the Ports of Algeciras and Huelva, and Nico Van Dooren, Director of New Business of the Port of Rotterdam, among other authorities, as well as representatives of the energy company.


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