Spain greenlights €800 mn aid to seven GH2 projects by Iberdrola, Repsol and EDP

Spain confirmed it will disburse €800 million in direct state aid to seven green hydrogen projects across the country. The funding -- which will flow to companies such as Iberdrola, Repsol, and EDP, among others -- will support a total of 652 MW of electrolysis capacity.

Energy Minister Teresa Ribera made the announcement, which aligns with the country's plan to leverage its wind and solar resources to become a leader in the green hydrogen space. The projects that are expected to receive funding had already been approved in 2022 by the European Commission for state aid under the EU's Hy2Use scheme – the second under Europe's Important Projects of Common European Interest (IPCEI).

The selected projects had include Petronor and Repsol's Bay of Biscay Hydrogen project; Repsol's Cartagena Hydrogen Network; Enel Green Power/ Endesa; IAM Caecius; two EDP projects: H2 Aboño and H2 Los Barrios; and an unnamed Iberdrola project in the green hydrogen space.

It is unclear whether Spain has since excluded any of the selected projects from funding. In February, Spain's Prime Minister Pedro Sánchez had said the amount would be awarded "within weeks", and that his government would boost renewable energy capacities to make Spain "a global benchmark in decarbonization based on renewable hydrogen."