Earlier this week saw the launch of SHYNE, which represents the largest consortium in the country dedicated to the production and promotion of renewable hydrogen. It consists of 22 large companies and 11 entities with the goal of carrying out projects in 10 of the country’s autonomous regions.
SHYNE will also count on government support, as the Spanish Secretary of State for Energy, Sara Aagesen, who was present at the presentation announced that 1.5 billion euros will come from European funds. The total investment budget of the consortium has been reported to amount to some 3.23 billion euros.
Energy giant Repsol leads this consortium together with six companies, each of which is a benchmark in its sector −Alsa, Bosch, CELSA Group, Enagás, Scania and Talgo. They will act as promoters of the initiative. The remaining 26 partners, associations, public and private companies, technology centres and universities, will assume the role of project collaborators.
Among the stated objectives of the consortium is the ambition to reach an installed capacity of 500 MW in 2025 and 2 GW in 2030, which would be half of the objective set in the Hydrogen Roadmap published by the Government of Spain.
“Green hydrogen is going to change the paradigm of the new energy model and for this reason, our doors will always be open to you”, said the Secretary of State for Energy in her greeting to all the representatives of the consortium. (January 25, 2022)
SPAIN - GREENH2 - Production