EDP Renováveis and Reganosa, the Galician energy multinational, will invest € 780 million to make a decisive contribution to the energy transition in Galicia, Spain.
The investment includes the construction of an electrolysis hydrogen production plant with a capacity of 100 MW. The plant would have an annual production capacity of around 14,400 tonnes of hydrogen using water from a lake and new renewable energy sources. A 570 MW capacity of a pumping hydroelectric power station will be installed using the same lake as a new dam. A wind power complex will also be developed, comprising four parks with new generation turbines, with an aggregate installed power capacity of 270 MW.
The joint investment will create over 7,000 indirect jobs, with around 400 jobs will be allocated to production and storage projects to develop a clean energy hub in the Ferrolterra region.
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 aiming to ensure the maintenance of economic activity and employment in regions where coal-fired power stations are deactivated.
Rocío Sicre, GM of EDPR Spain, said, “The promotion of Ferrolterra as a green energy capital is in line with the objectives set by both the European Union and the Spanish Government regarding renewable energies.”
Emilio Bruquetas, Reganosa CEO, said, “Fourteen years ago, we brought gas to Galicia and now, with EDP Renováveis, we are going to bring hydrogen.”