Matrix Renewables, the TPG Rise-backed global renewable energy platform, and Rolwind Renovables experts in the development of renewable energy infrastructures announced the expansion of their partnership through the creation of HYREN, a new platform dedicated to the development and creation of the green hydrogen economy in Spain.
The companies have signed an agreement to establish a platform dedicated to the implementation, production, and commercialization of green hydrogen and its sustainable by-products in Spain, which will cover the entire value chain of this renewable energy source. By combining their experience and leadership in Spain’s renewable energy sector, Matrix and Rolwind launched HYREN to become a benchmark in Europe for the design, construction, and operation of green hydrogen infrastructure.
HYREN brings together the projects initiated by both companies and begins its journey with a portfolio of national projects, which will total a generation capacity of more than 1 GW in Andalusia, Aragon and Castilla La Mancha, with a target of achieving up to 4 GW.
In recognition of the launch of HYREN, the Matrix Renewables Board issued this comment, “We are very proud of Matrix Renewables continuing its rapid growth in the clean energy sector by expanding into green hydrogen. Matrix is positioning itself at the forefront of the evolving clean energy landscape through the launch and implementation of the platform HYREN.”
Commenting on this new agreement Luis Sabaté said, “Hydrogen is a versatile energy carrier with a wide application of end uses and has great potential for helping to overcome the current climate crisis. At Matrix, we are excited to be embarking on this new venture with our partners at Rolwind. Innovation is a key pillar of our growth strategy and with HYREN we aim to keep Matrix at the forefront of the renewables industry.”
Domingo Estepa added: “Hydrogen is increasingly positioned as one of the main sources to provide energy. I am particularly excited about the creation of this new platform, and I am sure it has the potential to become a major force in the world of green hydrogen. It’s wonderful to see the close relationship that exists between Rolwind and Matrix being strengthened by this new agreement.”
Matrix Renewables and Rolwind’s partnership has a strong track record of success in Spain. Both have developed and built 130 MWp PV solar facilities in Huelva (Spain) which will be soon hybridized by adding 16MW shovel-ready collocated storage facilities and have a development pipeline of 765 MW in Spain.