The company has been awarded funding alongside Doña Urraca Energy as part of the €439.4M allocation from the Ministry for Ecological Transition and the Demographic Challenge for three renewable hydrogen projects in Andalusia and Castilla-La Mancha, with a combined capacity of 250 MW. Iberdrola’s ODIN project, located in Huelva, will receive €249.7M for a 140 MW plant focused on green hydrogen production for industrial uses and heavy transport. Additionally, its NOON II project will receive €140M for another 80 MW plant in Huelva.
The Ministry for Ecological Transition and the Demographic Challenge (MITECO) is allocating €439.4 million from the auctions as a service (AaaS) mechanism to finance renewable hydrogen production for three projects, two of them located in Andalusia and one in Castilla-La Mancha. The beneficiary initiatives total 250 MW of electrolysis capacity and had been selected in the third general auction of the European Hydrogen Bank (IF25), but were excluded from Brussels funding after exceeding the EU budget allocation.
This grant allocation exhausts the €440 million budget enabled by MITECO through the Institute for Diversification and Energy Saving (IDAE) for the second national call for auctions as a service (AaaS). Thanks to this mechanism, directly linked to the EHB auctions, Spain rescues these three projects preselected last week by the European Commission in the ranking order established by the European Climate, Infrastructure and Environment Executive Agency (CINEA) with its own funds from the Recovery, Transformation and Resilience Plan (PRTR). Two of them will be located in the province of Huelva and the third in Albacete.
Among the two projects located in Huelva is ODIN, an Iberdrola initiative that includes a 140 MW green hydrogen production plant aimed at decarbonizing local industry and heavy transport through the replacement of fossil fuels. The project, which aims to eliminate CO₂ emissions associated with these uses, will receive funding of €249.7 million. Additionally, NOON II, also promoted by Iberdrola in Huelva, will receive €140 million for green hydrogen production using an 80 MW electrolyzer.
Finally, the QUIXOTGEN project, promoted by Doña Urraca Energy, will receive €50.2 million for 30 MW of electrolysis capacity dedicated to renewable hydrogen production in Villarobledo (Albacete).
This new national auction is part of the Government’s commitment to renewable hydrogen as a key factor in eliminating CO2 emissions from industry, heavy transport and other hard-to-decarbonize sectors, and in line with the development of the PERTE for Renewable Energy, Hydrogen and Storage (ERHA).
Original source: MITECO