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7. February, 2024

From Fossil Power to Green Hydrogen: The Spanish decarbonisation effort secured EUR 42 million EU support

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The European Commission proposed a grant of EUR 42 million, under the Innovation Fund, to support the La Robla green hydrogen project, led by the Spanish utility Naturgy Energy Group SA and gas grid operator Enagas SA. The joint venture (JV) project will be located in the region of Castile and Leon.

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The La Robla green hydrogen plant will comprise 280 MW of electrolysis capacity and will be located at Naturgy’s former coal-fired power plant, which will be deconstructed in 2024. With a planned investment of around EUR 485 million, the project will trans…

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Carbon
EU ETS1, EU ETS2, North American Carbon, GCC
Carbon
EU ETS1, EU ETS2, North American Carbon, GCC
Fuels
Biomethane, Transport fuels
Fuels
Biomethane, Transport fuels
Power Purchase
Agreements (PPAs)
Asset valuation, Deal flow, Market prices
Power Purchase
Agreements (PPAs)
Asset valuation, Deal flow, Market prices
Energy Attribute Certificates (EAC)
GOs, REGOs, Global Certificates
Energy Attribute Certificates (EAC)
GOs, REGOs, Global Certificates

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