Spain awards 15 million euros to promote the Valle H2V project in Navarra

f49c25b2-6331-4aee-809f-320847bf8dc2_16-9-discover-aspect-ratio_default_0

The subsidy is part of the second edition of the ‘H2 Pioneers’ programme and is the maximum grant available for this future industrial-scale green hydrogen production plant to be located on the Rocaforte industrial estate in Sangüesa. The project, which is still in the development phase, involves the construction of a 25 MW electrolyser that will be powered by hybrid renewable energy from photovoltaic and wind energy in a new facility.

ACCIONA Energy and Plug Power, the developers, plan to make a total investment of 87 million euros and create more than 500 direct, indirect and induced jobs during the construction phase of the plant.

Once completed, the factory will reach a total production of 3,880 tonnes of green hydrogen per year. The objective is that around 90% of the production will be destined for consumption by the main energy-intensive industries in the area, such as the paper, glass, iron and steel, food and automotive sectors, as well as for Plug Power’s customers in the field of materials handling, stationary energy and road mobility applications, contributing to their decarbonisation and the reduction of their CO2 emissions. The remaining 10% will be allocated to the transport sector through the installation of a hydrogen plant at the same location.

The initiative also envisages that the centre can be expanded in the future depending on the evolution of demand, so that it can reach double the power initially planned (50 MW). Together with the Rocaforte facility, the resolution of this second call of the ‘H2 Pioneers’ programme supports the development of a total of 12 projects spread throughout Spain and which, as a whole, share an integrated approach to the production of green hydrogen by means of electrolysis from the use of renewable and sustainable energy sources.

Source: Diario de Noticias