The Spanish energy company, which has hydrogen projects under way in its homeland and the United Kingdom, says it will allocate new resources to position itself at the forefront of the supply of renewables-powered hydrogen.
The U.K. utility is a partner in the Green Hydrogen for Scotland initiative which aims to be fueling commercial vehicles with sustainable hydrogen within two years, starting with a 10 MW electrolyzer on the outskirts of Glasgow.
International thinktank IEEFA says there are 50 viable green hydrogen projects under development with an estimated renewable energy capacity of 50 GW and the potential to produce 4 million tonnes of the fuel annually.
The South Korean solar panel maker secured around 300 MW of the 700 MW awarded in the procurement round. The other winners are reportedly Spanish power company Iberdrola, Italian peer Enel and French-owned developer Tag Energy.
Utility Iberdrola will provide solar power to the Spanish site of Saudi petrochemical company Sabic, which has signed a 25-year power purchase agreement. The electricity will be generated by a €70 million, 100 MW solar park.
Spanish energy company Iberdrola plans to build a 100 MW solar park, a storage facility, and a hydrogen production station in Puertollano, central Spain. The €150 million project is scheduled to be operational next year.
State-owned power company China Three Gorges is reportedly ready to offer up to €600 million for 13 solar assets owned by X-Elio in Spain while Germany’s ib vogt is up for sale, according to Reuters.
Renewables are the best way for Europe to decarbonize, the Choose Renewable Hydrogen coalition said this week, prior to the upcoming release of its hydrogen and energy-system integration plan.
BloombergNEF and Sustainable Energy for All have jointly published a report by the Mini-Grid Partnership proposing solar minigrids as a critical technology to bring electricity to the 789 million people who still lack access.
Iberdrola’s 500 MW Núñez de Balboa solar park has started commercial operations, following the completion of construction in December.
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