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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.