In the Bay of Algeciras, Cepsa and EDP have agreed to collaborate on the large-scale production of green hydrogen.
Through this agreement, EDP has joined forces with the Andalusian Green Hydrogen Valley project in Campo de Gibraltar, Cadiz, to create up to 1GW.
This arrangement will make it easier to transform the thermal power plant owned by EDP in Los Barrios, Cadiz, into a green hydrogen facility.
Together, the two businesses hope to further the decarbonization of industry and of heavy land, air, and maritime transport. The agreement includes the potential for cooperation on the development of sustainable marine fuels in addition to the supply of renewable electricity.
The agreement enables the two businesses to take full advantage of the complimentary qualities and synergies of their industry expertise, technical prowess, and close proximity of their facilities.
CEO of EDP, Miguel Stilwell d’Andrade, said “This agreement with Cepsa is an important step in EDP’s plans to convert its thermal power plant in Los Barrios and to propel industrial decarbonisation through the use of green hydrogen, and is another move to strengthen energy independence in Europe.”
CEO of Cepsa, Maarten Wetselaar, said “To accelerate the energy transition, it is necessary to seek partners and synergies that enable us to move forward in this process in an agile and competitive way.”
“It is with this ambition that we are today signing this agreement with EDP, one of the leading global companies in renewable energy production, which will provide us with the electricity needed to produce green hydrogen competitively.”
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