Renewco Power to develop green hydrogen projects in Andalusia, Spain.
British renewable energy company Renewco Power has signed a strategic agreement with Spain’s Texla Renovables to develop green hydrogen projects throughout Andalusia. Its commitment to this innovative energy vector is based on its role as a key element in decarbonisation, as an effective alternative to fossil fuels.
The choice of southern Spain is in turn related to the commitment being made in our country to renewable hydrogen, with a roadmap that proposes the installation of electrolysers to reach at least 4 GW of peak capacity by 2030. As part of these plans, Andalusia could become the main green hydrogen export hub in Europe, according to the company.
An important alliance
Renewco Power Spain business development manager Pedro Perejón explained, “This important partnership with Texla Renovables to co-develop the production of green hydrogen and derivatives in Spain is part of our ongoing strategy for Renewco’s suite of renewable energy projects, adding to our existing solar, wind and storage projects”.
Roland Bettscheider, founding partner of Texla Renovables, says that one of the main attractions of hydrogen is its versatility as a clean and renewable fuel, with applications ranging from industry, transport and energy storage to domestic use. In fact, he said, “hydrogen is key, as it allows us to do the same as natural gas in a more sustainable and environmentally friendly way”.
First project in Cádiz
The agreement provides for the promotion of electrolysis plants until 2027. Texla reports that the first project will be developed in the province of Cádiz and is expected to start operating in four years. This is a 60 MW peak capacity electrolyser that will be complemented by a 150 MWp solar power plant and a battery energy storage system with a capacity of between 50 and 100MWh.
27% of the green hydrogen projects in Spain are concentrated in Andalusia at present. According to Texla, a total of 123 initiatives are already underway throughout Spain, with a total investment of around 21 billion euros. Electrolysis, the most sustainable technology, and whose evolution has multiplied the interest in hydrogen as a fuel, is achieved by breaking down the water molecule by means of a direct electric current to split it into oxygen and hydrogen.
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Renewco Power to develop green hydrogen projects in Andalusia, Spain. source
