Cepsa and EDP have signed an agreement to work together on large-scale green hydrogen production in the Bay of Algeciras. Under this partnership, EDP, a leader in renewable energies through its subsidiary EDP Renewables and the fourth largest renewable energy producer in the world, has become a partner in the project to develop up to 1 GW in Campo de Gibraltar, Cádiz, as part of the Andalusian Green Hydrogen Valley, the largest green hydrogen project in Europe promoted by Cepsa.The partnership is part of both companies’ ambition to promote the decarbonization of industry and heavy land, air, and maritime transport. In addition to the supply of renewable electricity, the agreement also includes the possibility of collaboration on the production of sustainable marine fuels.Decarbonizing the economy is a priority for both EDP and Cepsa, which each have a significant presence in the Bay of Algeciras and a strong commitment to the local community. The agreement allows the two companies to maximize the complementary characteristics and synergies of their sector knowledge, technical capabilities, and the proximity of their facilities.This new partnership is part of Cepsa's 2030 Positive Motion strategy, through which the company is transforming itself to become a leader in the energy transition, leading sustainable mobility in Spain and Portugal, as well as the production of renewable hydrogen and advanced biofuels to help decarbonize not only its clients’ activity but also its own.
Cepsa and EDP have signed an agreement to work together on large-scale green hydrogen production in the Bay of Algeciras. Under this partnership, EDP, a leader in renewable energies through its subsidiary EDP Renewables and the fourth largest renewable energy producer in the world, has become a partner in the project to develop up to 1 GW in Campo de Gibraltar, Cádiz, as part of the Andalusian Green Hydrogen Valley, the largest green hydrogen project in Europe promoted by Cepsa.The partnership is part of both companies’ ambition to promote the decarbonization of industry and heavy land, air, and maritime transport. In addition to the supply of renewable electricity, the agreement also includes the possibility of collaboration on the production of sustainable marine fuels.Decarbonizing the economy is a priority for both EDP and Cepsa, which each have a significant presence in the Bay of Algeciras and a strong commitment to the local community. The agreement allows the two companies to maximize the complementary characteristics and synergies of their sector knowledge, technical capabilities, and the proximity of their facilities.This new partnership is part of Cepsa's 2030 Positive Motion strategy, through which the company is transforming itself to become a leader in the energy transition, leading sustainable mobility in Spain and Portugal, as well as the production of renewable hydrogen and advanced biofuels to help decarbonize not only its clients’ activity but also its own.
