Repsol freezes green H2 projects in Spain
Repsol has paused its planned green H2 projects in Spain, which would have had a combined electrolysis capacity of 350 MW, due to an unfavorable regulatory environment. This decision reflects concerns over regulatory uncertainty, including the potential for a permanent windfall tax on energy companies.
Spain aims for 12 GW of green H2 production by 2030, making Repsol's halt significant for the country's green energy goals. The affected projects include a 100 MW initiative in Cartagena and others in Tarragona and the Basque Country.
Repsol will proceed with its next electrolyzer project in Portugal instead. The company's stance against the windfall tax aligns with other oil firms, which argue that it threatens substantial investments in the energy transition.
Related News
Related News
- Three killed, two injured in accident at LNG construction site in Texas (U.S.)
- Update: How Germany is building up LNG import terminals
- TotalEnergies and partners launch the 2nd phase of Northern Lights CCS project
- Digital Exclusive: The value of experience—Why expertise matters in compressor overhauls and revamps
- Croatia's LNG terminal to auction 0.75 Bm3 of regasification capacity in May
Comments