The company Moeve secures a new contract for the start of the Onuba project, with European capital investment, successfully transforming clean fuel production into a clear and firm roadmap towards real decarbonization.
The technical deployment of the Onuba project
The company’s management approves the directive for machines to start working within weeks. This infrastructure will have an initial capacity of 300 MW and has the technical capability to add another 100 MW as demand evolves.
The operation requires mobilizing more than 1 billion euros to start operations at the electrolysis plant, as well as the photovoltaic installations necessary for energy self-consumption.
For its part, the company holds 51% ownership and has the support of Masdar, as well as the technical expertise of Enalter. This cooperation is essential to supply renewable energy vectors to heavy industries that urgently need to reduce their carbon footprint. The European Commission has backed the initiative by granting it the status of a Project of Common Interest due to its strategic relevance.
The plant will produce approximately 45,000 tons of green hydrogen each year, which will prevent the emission of 250,000 tons of CO2 into the atmosphere. This figure is equivalent to eliminating the pollution from all combustion cars circulating in Huelva, Cádiz, and Jaén. The destination of this production will be vital for the maritime transport and aviation sectors.
The project has a solid financial base, with an injection of 304 million euros from NextGenerationEU funds. The Spanish Government has channeled these resources to ensure that the Andalusian Green Hydrogen Valley becomes an operational reality as soon as possible.
Source and photo: Moeve