Endesa, the largest electric utility company in Spain, is planning to develop a 100 MW green hydrogen plant in Spain. The plant will be built at the As Pontes coal-fired plant (1.4 GW) in northern Spain, it announced on Friday. Endesa said that it would apply for European funds to support its €738.2 million (US$ 909 million) project.
The construction work on the electrolyser plant is expected to start in January 2023 and completed by the end of 2024. This part of the project during these two years would cost around € 127.2 million (US$ 155.5 million). The plant is expected to produce 10k tonnes of green hydrogen yearly.
The project also includes building six winds farms at the site between July 2023 and December 2024, with a total installed capacity of 611 MW with an investment of € 611 million (US$ 752.7 million).
For the production of such an amount of hydrogen, the electrolyser plant is ascertained to operate for 5,800 hours. The plant will also require a liquefaction plant to help transport hydrogen to end-users, which would require additional investment. The plant is expected to help avoid 37,758 tonnes/year of CO2 emissions by saving 18,640 tonnes/year of oil equivalent.