Spanish gas TSO Enagas announces green hydrogen partnership

Spanish gas grid operator Enagas SA (BME:ENG) on Monday announced that it has partnered with Fisterra Energy and White Summit Capital AG to promote a project to build a green hydrogen plant in the Bay of Algeciras (Gibraltar Bay) in southern Spain.

The proposed plant would have up to 237 MW of capacity.

The facility would supply green hydrogen to the local industry, which includes large consumers of hydrogen and natural gas, but also contribute to decarbonising heavy-duty vehicles linked to activities of the Port of Algeciras and public transport.

The location of the project will enable the future plant to integrate renewable energy resources of the Andalusia region, while the proximity to the gas pipeline will make sure the green hydrogen can be transported to national and international customers using existing networks, according to Enagas.

Fisterra Energy is a portfolio company of the US investment manager Blackstone Group Inc (NYSE:BX). White Summit Capital is a Switzerland-based investor and asset manager with an office in Madrid.

Choose your newsletter by Renewables Now. Join for free!