Cepsa and EDP have signed an agreement to work together on large-scale green hydrogen production in the Bay of Algeciras.
Under this partnership, EDP has become a partner in the project to develop up to 1GW in Campo de Gibraltar, Cadiz, as part of the Andalusian Green Hydrogen Valley.
This agreement will facilitate the conversion of EDP’s thermal power plant in Los Barrios, Cadiz, into a green hydrogen plant.
The partnership is part of both companies’ ambitions to promote the decarbonisation of industry and heavy land, air, and maritime transport. In addition to the supply of renewable electricity, the agreement also includes the possibility of collaboration on the production of sustainable marine fuels.
The partnership allows the two companies to maximise the complementary characteristics and synergies of their sector knowledge, technical capabilities, and the proximity of their facilities.
Miguel Stilwell d’Andrade, CEO of EDP, said: “This agreement with Cepsa is an important step in EDP’s plans to convert its thermal power plant in Los Barrios and to propel industrial decarbonisation through the use of green hydrogen, and is another move to strengthen energy independence in Europe.”
Maarten Wetselaar, CEO of Cepsa, said: “To accelerate the energy transition, it is necessary to seek partners and synergies that enable us to move forward in this process in an agile and competitive way. It is with this ambition that we are today signing this agreement with EDP, one of the leading global companies in renewable energy production, which will provide us with the electricity needed to produce green hydrogen competitively.”