EDP creates two companies with Aboño and Soto power plants to launch hydrogen investments

EDP will reorganize the corporate structure of its Aboño and Soto thermal power plants to address the planned investment process that will turn them into important hydrogen production centers. The electricity company has just received authorization from the National Markets and Competition Commission to transfer the ownership of both plants from EDP Spain to two individual companies: Aboño Generaciones Eléctricas and Central Térmica Ciclo Combinado Grupo 4.

Both companies will be the owners of the facilities to be transferred and will be incorporated at the time of the execution of the spin-off operation, after obtaining the administrative authorization from the Directorate General for Energy Policy.

The Aboño plant aims to become the Asturian hydrogen valley and has already been considered as a strategic project by the European Commission, as has the Soto de Ribera project.

Aboño, which applied for this permit on November 8, is located in the municipality of Carreño (Asturias) and has two generation groups using coal (hard coal and anthracite). Group 1 has a generation capacity of 341.79 MW of net power. Group 2 has a net power capacity of 561.885 MW.

EDP also requested on August 22 the transfer of ownership of the Soto 5 Combined Cycle Thermal Power Plant, owned by EDP Spain, to the Group 4 Combined Cycle Thermal Power Plant.

Group 5 of the Soto de Ribera Combined Cycle Thermal Power Plant is located in the municipality of Ribera de Arriba (Asturias). It is a generation group with a total net power of 428.13 MW.

On the other hand, the EDP group has also closed today, together with Crescera Capital, the purchase of 77Sol in Brazil to continue developing its business in the country.