Spanish oil and gas firm Cepsa is to develop a 7000MW solar and wind project pipeline that will be dedicated for its own use, of which 1500MW already has a grid connection.
The company has also set out plans to lead green hydrogen in Spain and Portugal.
It proposes doing this with a production capacity equivalent to 2000MW and biofuels production of 2.5 million tonnes by 2030.
Cespa also plans to position energy parks in Andalusia as European gateways for hydrogen exports.
Chief executive Maarten Wetselaar(pictured) said: “At Cepsa, we are embarking on an ambitious journey to transform our company and be a key driver and enabler of the energy transition.
“Cepsa is small enough to move fast yet big enough to be a leader in creating a greener, more just and more sustainable economy.
“We will partner with our customers to develop decarbonization solutions for their energy needs, and of course address our own footprint as well.
“Green molecules are essential for the decarbonization of complex sectors such as heavy transport, aviation and maritime traffic and Cepsa has a competitive advantage thanks to its many years of experience in the production and handling of this energy source.”