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    Green hydrogen corridor in Spain, France and Portugal to cost 2.85 billion and be ready by 2030


    December 9, 2022 - CE Noticias Financieras

     

      ALICANTE, 9 (EUROPA PRESS)

      The H2Med project, which will be the first "great hydrogen corridor of the European Union" and will interconnect Portugal and Spain with France to transport this energy vector, will have a total cost of around 2,850 million euros.

      Specifically, of this total amount, some 2,500 million euros will correspond to the new submarine hydrogen pipeline to be built between Barcelona and Marseilles, as announced by the President of the Spanish Government, Pedro Sánchez, who indicated that he is aiming to raise European funds to finance 50% of the cost.

      In addition, it will be necessary to add another 350 million euros for the section between Celorico da Beira and Zamora, which corresponds to the part of the project between Portugal and Spain.

      In a joint declaration in Alicante within the framework of the 9th EU-MED9 Euro-Mediterranean Summit, Mr. Sánchez, the French President, Emmanuel Macron, and the Prime Minister of Portugal, Antonio Costa, who had the support of the President of the EC, Ursula von der Leyen, highlighted that H2Med is "an example of how three countries give a solidary and committed response to the energy crisis".

      The President of the Spanish Government affirmed that the objective is for the infrastructure to be "completed and operational" in 2030 and to allow exporting 10% of the total -some 2 million tons per year- of the renewable hydrogen consumption target estimated by the European Union, which amounts to some 20 million tons between own production (10 million tons) and imports (10 million tons).

      Furthermore, Sánchez highlighted the fact that this agreement represents "a step forward" towards European energy sufficiency, once the interconnection project with France was unblocked in October, after burying the previous MidCat project, following "Putin's blackmail and the war in Ukraine".

      He also highlighted Spain's commitment to Europe's commitment to renewable hydrogen, where the country aspires to "be a European and world reference.

      THE PENINSULA, "ONE OF THE GREAT HUBS OF THE EU.

      Von der Leyen expressed the European Union's full support for a project based on hydrogen, which "is going to change the history of Europe and will be a crucial part of our energy system".

      "The project is clearly going in the right direction, and I welcome it to apply for EU funds. This is only the beginning, but it is a very promising beginning. The Iberian Peninsula will be one of the great energy hubs of the European Union."

      Meanwhile, French President Emmanuel Macron, who insisted on the need for the hydrogen corridor to be "considered a project of common interest and eligible for these European funds, assured that H2Med is "totally coherent" with France's strategy of "reducing emissions and progressively abandoning fossil fuels", as well as the objectives of industrialization and energy sovereignty and autonomy.

      For his part, the Portuguese Prime Minister, Antonio Costa, warned that this project will allow Europe to "change the trend" and "strengthen" the position of the Iberian Peninsula as producers and exporters of energy to the rest of Europe. "It is a very good example of how three states know how to cooperate with each other to benefit the whole of the EU," he added.

      THE PROJECT IS TO BE SUBMITTED TO THE CALL FOR PROPOSALS BY DECEMBER 15.

      With this launch of the project, the three countries will submit it to the call for aid from the European Commission, whose deadline is December 15, to be considered a project of common interest (PCI), which will allow the corridor to qualify for Community funding instruments such as the 'Connecting Europe' mechanism.

      In this sense, Sanchez stressed that the objective is to finance with this European money up to 50% of the cost of the project of the submarine connection to Marseille, which will thus focus on green hydrogen, ruling out its operability to transport natural gas.

      TWO ROUTES, ONE FROM PORTUGAL TO SPAIN AND THE OTHER UNDERWATER TO FRANCE.

      The H2Med will be composed of two routes: the one that will interconnect Portugal with Spain (Celorico-Zamora) and the new submarine hydroduct between Barcelona and Marseille (BarMar) to link the Iberian Peninsula with France.

      The first section between Celorico and Zamora, which will cost some 350 million euros, is expected to be completed in about four years, including 26 months to obtain the relevant authorizations.

      In the case of BarMar, its estimated execution time will be 56 months, including 26 months to obtain the permits, and it is expected to start construction in 2025.

      The green hydrogen corridor project involves the gas transmission system operators (TSOs) of the three countries: Enagás (Spain), REN (Portugal) and GRTGaz and Terega for France.

      Three possible routes were proposed for the submarine infrastructure in the Mediterranean between Spain and France, although the one considered most optimal is a route with a maximum length of 455 kilometers, with a maximum depth of 2,557 meters.

      Spain has made the promotion of renewable hydrogen a country strategy. In fact, the roadmap to 2030 foresees those 4 gigawatts (GW) of installed electrolyzer power, that a minimum of 25% of hydrogen consumption by industry must be renewable, and the implementation of hydrogenerators, trains and heavy transport vehicles powered by this product, although these objectives are expected to be raised in the update of the PNIEC on which the Government is working.

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      A sample of the existing interest for the 'green' hydrogen is the existing race by all the great energetic ones of the country for the development of projects.

      Thus, last week Cepsa carried out the launching of its plans to build the largest green hydrogen project in Europe in Andalusia with an investment of 3,000 million euros.

      This Andalusian Green Hydrogen Valley will involve the start-up of two new plants, with a capacity of 2 GW and a production of up to 300,000 tons of green hydrogen, in its Energy Parks of Campo de Gibraltar (Cadiz) and Palos de la Frontera (Huelva). In addition, the project will be accompanied by an additional investment of 2,000 million euros for the development of a 3 GW wind and solar energy project portfolio to generate renewable electricity.

      Meanwhile, Repsol is leading the Shyne project, in which it plans to invest more than 2.2 billion euros, with targets to install 500 MW in 2025 and 2 GW in 2030.

      In addition, this project aims to generate an ecosystem that connects the major regional hydrogen initiatives that are already underway, such as the Basque Hydrogen Corridor (BH2C), the Hydrogen Valley of Catalonia and the Hydrogen Valley of the Region of Murcia. In Shyne, together with Repsol, companies such as Enagás, Navantia, Sidenor or Tubacex, among others, also participate.

      Iberdrola, together with Fertiberia, launched an integral project that contemplates the development of 800 MW of green hydrogen with an investment of 1,800 million euros until 2027.

      In addition, the electricity company has been awarded the construction and operation for 10 years of a hydrogen plant that will be used by Transports Metropolitans de Barcelona (TMB) buses and other fleets and industries in the Zona Franca industrial park.

      Likewise, Naturgy has an alliance with Exolum, called 'Win4H2' to develop a network of 50 hydrogenerators in the country's territory.

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