Danish energy fund to lead massive green hydrogen project in Spain - 0 views
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On Tuesday, Copenhagen Infrastructure Partners announced details of a partnership with Spanish companies Naturgy, Enagás and Fertiberia. Vestas, the Danish wind turbine manufacturer, is also involved.
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A pipeline will link Aragon with Valencia in the east of Spain, sending the hydrogen to a green ammonia facility. CIP said this ammonia would then be “upgraded” into fertilizer.
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Hydrogen has a diverse range of applications and can be deployed in a wide range of industries. It can be produced in a number of ways. One method includes using electrolysis, with an electric current splitting water into oxygen and hydrogen.
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The scale of the overall development is considerable. “Once fully implemented, Catalina will produce enough green hydrogen to supply 30% of Spain’s current hydrogen demand,” CIP said.
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And in July 2021, a briefing from the World Energy Council said low-carbon hydrogen was not currently “cost-competitive with other energy supplies in most applications and locations.” It added that the situation was unlikely to change unless there was “significant support to bridge the price gap.”
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For its part, the European Commission has laid out plans to install 40 GW of renewable hydrogen electrolyzer capacity in the European Union by the year 2030.