EDP Renováveis & Reganosa Invest in Hydrogen in Galicia Spain
EDP Renováveis and Reganosa, the Galician energy multinational, will invest 780 million euros to make a decisive contribution to the energy transition in Galicia in Spain. This joint investment, which will create more than 7,000 indirect jobs and a total of 400 effective jobs, will be allocated to production and storage projects, aiming to create a true, digital and inclusive clean energy hub in the Ferrolterra region. The investment includes the construction of an electrolysis hydrogen production plant, which will reach a capacity of 100 MW. This plant, which will use water from a lake in the region and new sources of renewable energy, will have an annual production capacity of up to 14,400 tons of H2.
An energy storage system, with an installed capacity of 570 MW, will also be created, through a pumping hydroelectric power station with that will use the same lake and a new dam as reservoirs, maximizing the use of renewable energies.
A wind power complex will also be developed, comprising four parks with new generation turbines, totaling more than 270 MW of installed power.
In total, close to 1 GW of installed green power is at stake, thus embodying the most ambitious investment made so far in the decarbonization of Galicia's economy, with the objective of transforming Ferrolterra into a green energy capital. This important step is part of the Agreement for a Just Transition, signed this year in March, between EDP, the Spanish Government and trade unions with the aim of ensuring the maintenance of economic activity and employment in regions where coal-fired power stations are deactivated.