The Spanish government has finally provided funding to five green hydrogen projects, with Repsol and EDP set to benefit from EUR 524 million (USD 598 million) in grants. This development comes two and a half years after the EU gave its greenlight for the projects. The funding is a remarkable step forward for the development of green hydrogen in Spain.

Project Details

The Los Barrios power plant is one of the locations where a green hydrogen plant will be built, with EDP being the company behind the project. The exact details of the other four projects are not specified, but it is known that Repsol is also a beneficiary of the funding.

Financial Impact

The total amount of funding provided is EUR 524 million, which will be granted to the companies involved in the five green hydrogen projects. This investment is expected to support the development of green hydrogen in Spain, although the exact implications of the funding are not detailed.

Timeline

The funding has been signed off by the state, with the announcement being made on June 4 2025. The EU had previously given its approval for the projects two ana a half years prior, indicating a significant delay in the provision of funding.

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