Enagás Renovable and VERBUND Signed MoU for the development of green hydrogen projects in Spain

Enagás Renovable, one of the main Spanish promoters of renewable gas projects, and VERBUND Green Hydrogen GmbH, a subsidiary of VERBUND AG, the main energy company in Austria and one of the largest producers of hydroelectric energy in Europe, have signed a Memorandum of Understanding (MoU) for the development of green hydrogen projects in Spain, to contribute to the reduction of emissions in the most difficult sectors to decarbonize in Europe.

This strategic cooperation will focus on the development of large-scale green hydrogen projects in areas of Spain with high wind and solar resource potential, to produce large volumes of renewable hydrogen at low cost. The hydrogen will be exported to the European Union through the H2Med hydro pipeline and the European Hydrogen Backbone Network, which is expected to be operational around 2030.

Representatives of the two companies presented the agreement at the Connecting Green Hydrogen Europe 2024 congress in Madrid. Antón Martínez expressed his satisfaction with the alliance between the two companies: “We are very satisfied with the collaboration we have signed with VERBUND. This strategic partnership will not only strengthen the local economy but will also allow us to export hydrogen to Central Europe, contributing to the energy transition and sustainability. Together, we will move towards a cleaner and more efficient future.”

Michael Strugl stressed the importance of this cooperation: “The Spanish market plays an important role in the growth of our hydrogen business, not only to advance local hydrogen production in Spain but also to develop import routes to Central Europe. This cooperation will leverage our joint activities in the Spanish market and stimulate the development of trans-European hydrogen infrastructure to enable the large-scale supply of green hydrogen on the continent.”

Spain has excellent potential for green hydrogen production due to its geographical location, industrial and technological capabilities, renewable energy resources, and infrastructure network. These advantages will serve as a starting point for the deployment of the backbone network dedicated to hydrogen transport.

Thanks to its renewable energy production potential, Spain is positioned to become a leading country in the production and export of cost-competitive green hydrogen. This is key to increasing European competitiveness and ensuring the security of supply.