Moeve Secures €1 Billion for 300 MW Green Hydrogen Plant in Andalucia
Moeve has approved the first phase of the Andalucian Green Hydrogen Valley project in Spain, with an investment of over €1 billion. This phase will include a 300 MW electrolyzer and support from the EU. The project aims to produce 300,000 tons of green hydrogen annually, creating over 10,000 jobs and supporting EU decarbonization goals. The full initiative could require a total investment of €3 billion and aims for commercial production by 2029.
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Moeve has taken the Final Investment Decision (FID) on the initial 300 MW phase of its Andalucian Green Hydrogen Valley project in Spain, investing over €1 billion. The project will produce approximately 45,000 tons of green hydrogen per year and is part of a broader 2 GW initiative targeting 300,000 tons annually.
Supported by €300 million in EU funding, the project aims for commercial production by 2029, leveraging both renewable and grid electricity. It is expected to create around 10,000 jobs and contribute to EU energy independence and decarbonization targets.
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