The European Commission has approved, under EU State aid rules, a EUR 220 million Spanish measure to support Cobra Instalaciones y Servicios in the production of renewable hydrogen, with the aim of promoting its use in industrials sectors. The measure contributes to the achievement of the EU Hydrogen Strategy and the European Green Deal targets, while helping reduce dependence on Russian fossil fuels and fast forward the green transition in line with the REPowerEU Plan. The aid, which will take the form of a direct grant, will support the construction and the installation of electrolysers in Spanish regions of Cartagena and Castellón. The two electrolysers will have a total capacity of 205 MW and are expected to produce approximately 8,550 tonnes of renewable hydrogen and 6,840 tonnes of oxygen per year. The electrolysers are envisaged to be constructed in stages, with the first electrolyser operating as of 2023. Once completed, the project is expected to avoid the release of 47,038 tonnes of carbon dioxide annually. In addition, to maximise the reduction of greenhouse gas emissions, the generated hydrogen will be produced solely with electricity stemming from renewable sources. Spain selected COBRA's project, in the context of an open call in 2021, to form part of an IPCEI on hydrogen technologies and systems. COBRA's project intends to reduce greenhouse gas emissions by providing the generated renewable hydrogen to industrial customers, in particular in energy-intensive and hard-to-abate sectors such as refineries and ceramics. As aid for the reduction of greenhouse gas emissions, including through support of renewable energy, is one of the main categories of aid allowed by the CEEAG, the measure was best suited for assessment under these guidelines.
The European Commission has approved, under EU State aid rules, a EUR 220 million Spanish measure to support Cobra Instalaciones y Servicios in the production of renewable hydrogen, with the aim of promoting its use in industrials sectors. The measure contributes to the achievement of the EU Hydrogen Strategy and the European Green Deal targets, while helping reduce dependence on Russian fossil fuels and fast forward the green transition in line with the REPowerEU Plan. The aid, which will take the form of a direct grant, will support the construction and the installation of electrolysers in Spanish regions of Cartagena and Castellón. The two electrolysers will have a total capacity of 205 MW and are expected to produce approximately 8,550 tonnes of renewable hydrogen and 6,840 tonnes of oxygen per year. The electrolysers are envisaged to be constructed in stages, with the first electrolyser operating as of 2023. Once completed, the project is expected to avoid the release of 47,038 tonnes of carbon dioxide annually. In addition, to maximise the reduction of greenhouse gas emissions, the generated hydrogen will be produced solely with electricity stemming from renewable sources. Spain selected COBRA's project, in the context of an open call in 2021, to form part of an IPCEI on hydrogen technologies and systems. COBRA's project intends to reduce greenhouse gas emissions by providing the generated renewable hydrogen to industrial customers, in particular in energy-intensive and hard-to-abate sectors such as refineries and ceramics. As aid for the reduction of greenhouse gas emissions, including through support of renewable energy, is one of the main categories of aid allowed by the CEEAG, the measure was best suited for assessment under these guidelines.
