Hy24 partners with Enagás for green hydrogen

Spain

MADRID, February 23, 2022 – Hy24 has acquired a 30% stake in Spanish renewables company Enagás Renovable, the clean hydrogen infrastructure fund announced on Tuesday.

The subsidiary of energy infrastructure company Enagás was founded in 2019 and has more than 50 green hydrogen and biomethane projects in development in Spain.

Planned developments represent 20% of Spain’s hydrogen targets by 2030 and are expected to come on line between 2023 and 2026.

Enagás Renovable retains the remaining 70% stake.

Cost of the transaction was not disclosed.

Previous

BP increases production in US Gulf of Mexico

Next

TotalEnergies makes Namibia discovery