The Green Hydrogen Projects portfolio in Spain for the coming years almost multiply by four the objective of the government by 2030. The last Green Transition Index of Oliver Wyman, presenting this Thursday, points out that in green hydrogen “the capacity of projects of Spain It is 43 GW ”, in front of the objective of 12 GW that includes by 2030 the last review of the National Integrated Energy and Climate Plan (PNIEC).
Anara Willendorf, Senior Practice Research Expert from the Climate Area Sustainability Energy and Natural Resources of Oliver Wyman, figure the total portfolio in Europe at 190 GW, so that 22.6% of that portfolio would be in Spain. The consultant uses the estimates of the International Energy Agency (AIE). Until last year, the government’s roadmap contemplated having 4 GW for 2030, ten times less than is projected.
As Willendorf explained, after Spain the largest portfolio of green hydrogen projects in Europe is in the Netherlands, with 30 GW, followed by Denmark, with 24 GW, and Germany, with 22 GW. The report places the Danish as hydrogen leaders if the GDP is related to their project portfolio. The Nordic country has become “leader”, according to this consultant, because it has multiplied by five its capacity since 2022, so that the ratio with respect to GDP in that Nordic country is 2 times higher than that of Spain.
Spain has made a great commitment to this energy vector. Green hydrogen is glimpsed as the great hope to decarbonize the sectors in which it is most difficult to replace fossil fuels, such as heavy industry or long -distance transport, after a few years in which Europe has promised to completely get rid of the Russian gas for 2027. However, within the EU, gas pipeline is being discussed again as part of an eventual peace in Ukraine, as stated Financial Times This Thursday.
Last Wednesday, during the inauguration of Enagás Hydrogen Day, the President of the Government, Pedro Sánchez, announced that another 400 million euros will be allocated in aid to hydrogen projects in Spain that, despite having a positive evaluation of the European Commission, were left out of the first auction of the European Hydrogen Bank, in which three of the seven projects chosen were Spanish.
Sánchez, who opposed the commitment to renewable to Trumpism with an eloquent “Green, Baby Green”, also announced that in the coming weeks the provisional resolution proposal of the call of the Valles del Hydrogen program for 1,320 million euros will be announced in the coming weeks , after having already executed more than 1.5 billion euros of renewable energy, renewable hydrogen and storage (ERHA).
The largest green hydrogen project in Spain is the 2 GW of the future “Andalusian Valley of the Green Hydrogen” by Moeve (the old CEPSA), with two centers of green hydrogen production in the ‘Energy Parks’ of Palos de la Frontera (Huelva) and San Roque (Campo de Gibraltar, Cádiz), an investment estimated at 3,000 million and the creation of some 10,000 direct, indirect and induced jobs during the three years of construction of the project.
The works will begin before the summer, according to the company’s CEO, the Dutchman Maartsen Weetsel. After definitely decaying the energy to the energy, the energy that controls the Emirate of Abu Dhabi and the American Fund Carlyle announced Thursday that he will develop 30 biomethane plants in Spain with an accumulated investment of 600 million euros.
Of those more than 40 GW of green hydrogen projects in Spain and 190 GW at European scale, it remains to be seen as a reality, since it is still an immature technology. The last estimate of Bloombergnef figure in $ 5.947 the cost of generating a kilo of renewable hydrogen in Spain in today, compared to between 1.11 and $ 2.35 per kilo of the gray, which is obtained from the natural gas.
A few weeks ago, this firm warned that you will have to wait until 2050 to see green hydrogen costs below $ 3 in Spain. According to its estimates, it will only be more competitive than the traditional one generated in China and India from 2040. In the United States it is believed that Donald Trump’s return to the White House can boost the bet of hydrogen for other alternatives such as gas and Carbon kidnapping technologies (known as blue hydrogen).
“Below the average”
The second edition of the Oliver Wyman Green Transition Index, after the one carried out in 2022, classifies 29 countries for its decarbonization performance based on 28 key indicators distributed in seven categories: nature, economy, waste, buildings, transport, energy, energy and energy manufacturing industry.
Spain is “for the first time below the average in its progress towards sustainability” and falls five positions, until the 19th place, despite improving in most indicators, “but not as prominent as that of our European counterparts” .
One of the reasons is the low position in the transport sector, where they are “the worst news”, in the words of Pepa Chiari, director of Sustainability and Climate of Oliver Wyman for Spain. In this category Spain falls from position 22 to 24 and is below average in all indicators. In low emissions cars the quota of Spain is “half of Europe,” Chiari said: 11-12% compared to 20% of Europe. In electric, the quota is only 5.6%, when Europe is around 13%.
In the category of economy, “Spain improves,” said Sofía Cruz, a firm’s partner, with an “absolute” improvement in broadcasts, which retreated 13%, although in the previous ranking they had been cut by 20%.
Chiari, despite the consequences of this decline in Spain in the ranking: “The problem is that we have worsened when we looked in isolation in the ratios. But the reality is that it has improved, although at a lower speed than in other countries. We must wait to see how the measures adopted now and in the last year evolve. ”
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