Iberdrola inks EUR-6m loan to build H2 filling station for Barcelona buses

Iberdrola SA (BME:IBE) has secured a EUR-6-million (USD 7.1m) loan from Spanish state-controlled lender Instituto de Credito Oficial (ICO) to finance the construction of a green hydrogen filling station for the Barcelona public transit operator.

The Spanish utility said Monday the project would be further supported by a EUR-3.7-million grant from the European Union’s Connecting Europe Facility.

Last year, the bus and metro operator, Transports Metropolitans de Barcelona (TMB), selected Iberdrola as its green hydrogen supplier for a fleet of new fuel cell buses.

The parties signed a ten-year agreement for the supply, which also entails the construction of a hydrogen filling station on a 5,000-square-metre (53,819 sq ft) site located within Barcelona’s industrial park Zona Franca, where TMB runs an operations centre.

There is an option to extend the agreement in the future to meet demand of other public and private fleets in the vicinity, Iberdrola added.

(EUR 1.0 = USD 1.179)

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