Spanish utility Endesa ELE.MC is planning to invest 2.9 billion euros ($3.5 billion) to develop 23 green hydrogen projects in Spain to boost the green transition in the country.
Endesa, controlled by Italian utility Enel ENEI.MI, said in a statement on Monday it had presented plans to the Spanish government to build electrolysers with an overall capacity of 340 megawatts (MW), fed by 2 gigawatts (GW) of renewable energy.
Electrolysers are devices that produce green hydrogen from renewable energy sources using electricity to split water into hydrogen.
Endesa Generation Managing Director Rafael González said:
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Endesa wants to show its clear commitment to green hydrogen as a key in the energy transition process and decarbonisation of the economy,”
Enel, one of the world’s biggest renewable energy companies, is looking to launch a new green hydrogen business to speed up plans to be a carbon-free power producer by 2050.
Endesa planning to spend 2.9 bln euros on green hydrogen in Spain, MILAN, Feb 1 (Reuters)
