Copenhagen Infrastructure Partners (CIP) announced yesterday that the company has established a partnershup with three companies in Spain for the construction of a green hydrogen plant called Project Catalina.
To be located in Aragon, Spain, the first phase will consists of up to 1.7 gigawatts of solar and wind capacity, as well as a 500-megawatt electrolizer that will generate over 40,000 tons of green hydrogen every year.
Further phases of the project will aim to increase the production capacity to 5 GW of solar and wind, while green hydrogen is also ramped up with the help of a 2 GW electrolyzer.
This is one of the most ambitious projects when it comes for hydrogen production globally. It will also act as an integral part of Spain’s previously announced recovery and energy transformation initiative called PERTE.
PERTE will utilize approximately $18 billion split between private $10.69 billion and $7.83 billion public funds from the government.
CIP commented that “Once fully implemented, Catalina will produce enough green hydrogen to supply 30% of Spain’s current hydrogen demand.”.
Green Hydrogen Projects Galore
Green hydrogen project announcements have increased significantly in the last several months. In January Shell announced a that their 20 MW hydrogen electrolyzer was operational.
And indeed Spain have another project where Iberdrola and H2 Green Stell will be working together on a $2.6 billion project with a 1 GW capacity.
It seems likely that more green hydrogen projects will be announced in the future, with Europe appearing to lead the way after the EU Commision set a target for 40 GW of hydrogen electrolyzer capacity by 2030.