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    EDP and Reganosa consortium raises 24 million euros for green hydrogen project in Galicia


    December 2, 2022 - CE Noticias Financieras

     

      The Spanish government delegate in Galicia, José Miñones, announced on Wednesday that the region will invest 32 million euros of EU funds in green hydrogen projects. The largest slice of this amount - 24 million - will be allocated to the project in the town of As Pontes, the result of a consortium between EDP and the Galician company Reganosa.

      This is the first project considered to be of "strategic interest" by the region, since according to the two companies it should create 60 new direct jobs and another 2,500 indirect jobs.

      EDP and Reganosa estimate that it will be necessary to invest 156 million Euros in the project, which in an initial phase will have 20 megawatts of power. When completed, it should reach 100 megawatts.

      Of the remaining amount, 5.2 million Euros will go to the Green Umia project, a green methanol plant designed by Iberdrola and Foresa. Another 2.5 million are destined for another project in Porto de Vigo.

      Speaking to Spanish newspaper 'Economia Digital', Miñones highlighted the companies involved in these projects "for their excellent work and vision of the future" and stressed that the plants will be "strategic" for the region.

      "It is one more example that the government of Spain and President Pedro Sánchez believe in the present and the future of these regions," said the government delegate. "We demonstrate this not only with words, but with actions, such as this important investment."

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