Cepsa’s project "Andalusian Green Hydrogen Valley '' will install 2GW of electrolysis capacity: In Huelva, ONUBA Project is an agreement with Fertiberia to produce 400 MW of renewable hydrogen and ammonia with a direct power supply agreement, and the agreement with C2X to produce 200 MW of renewable hydrogen and renewable methanol. In CARTEIA, we will produce renewable hydrogen with EDP and renewable ammonia with Yara to decarbonise industries and the maritime sector also in central Europe.
Project details
FUNDING
Project timeline
2014
Start of project development
Project finalization
2035
KEY SUCCESS FACTORS
PROJECT DEVELOPMENT PHASE
- Business model/business case development
- Regulatory provisions
- Permitting and authorization procedures
- Funding
- Experienced staff
not only in H2 but power (key in this new sector)
- Local public acceptance
- Project's business case
- Stakeholder cooperation
- Risk sharing mechanisms between project partners
- Project's governance model
COMMERCIAL AND FINANCING PHASE
- Applying for public subsidy/grant schemes
- Securing private investors
- Securing public financial support (subsidy/grant)
- Preparing documentation for a due diligence process
- Putting a de-risking framework in place
- Securing customer commitments to de-risk the financial model
N.A.: Not available. This is possible due to two reasons: a) the Hydrogen Valley chose to not publicly display the data or b) the Hydrogen Valley did not answer the specific question in the associated survey.