Andalusian Green Hydrogen Valley

Green hydrogen is a key tool for our own decarbonization and that of our customers, especially in sectors that are difficult to electrify, such as industry, heavy road transportation, and air and sea transportation.

Starting up these hydrogen plants will prevent 6 million tons of CO₂ emissions per year, as well as emissions from other gases and particles, thus improving air quality and contributing to the achievement of the United Nations 2030 Agenda goals.

Generating the renewable energy needed for these plants will be possible thanks to the development of wind and solar projects. In addition, we will work alongside other renewable energy producers in Andalusia and the rest of Spain to promote integrating our plants into the electrical system.

The Andalusian Green Hydrogen Valley will turn Andalusia and Spain into a European energy power with export capacity, contributing to Europe's security of supply and energy independence, thus supporting the REPowerEU strategy and helping to achieve the goals of the 2030 Agenda to combat climate change.

Furthermore, the development of this valley will position Andalusian ports as world leaders in international green hydrogen and derivatives corridors, as well as in the supply of new green fuels for maritime transportation. Proof of this is the agreement signed with the Port of Rotterdam to create the first green hydrogen corridor connecting southern and northern Europe, which will also link with other ports, such as the one in Singapore.

Following the final investment decision (FID) approved by Moeve’s Board of Directors, the launch of Onuba, the first phase of the Andalusian Green Hydrogen Valley, marks the official start of the largest renewable hydrogen project in Southern Europe. A strategically located facility at La Rábida Energy Park, in Palos de la Frontera (Huelva).

With an initial capacity of 300 MW, which will be expandable to 400 MW depending on grid capacity availability, the Onuba project represents a joint investment of over €1 billion. This includes the green hydrogen plant, the associated infrastructure, and a photovoltaic plant designed for self-consumption to ensure a competitive, fully renewable energy supply.

The project is led by Moeve, which holds a majority stake (51%), and includes two internationally recognized partners in the clean energy field: Masdar, a global leader in electrification and renewable energy projects, and Enalter, which is majority-owned by Enagás Renovable, a pioneer in developing renewable gases in Spain. This partnership strengthens the project's industrial scope, ensuring its long-term technological, operational, and financial viability.

Onuba will have the capacity to produce approximately 45,000 metric tons of renewable hydrogen per year, helping to reduce CO₂ emissions by around 250,000 tons each year. This green hydrogen will supply both our own industrial processes and those of third parties.

This milestone confirms that the Andalusian Green Hydrogen Valley has transitioned from a conceptual project to a fully operational industrial reality, accelerating the energy transition, attracting international investment, and positioning Andalusia at the epicenter of Europe’s renewable fuel development and emerging hydrogen value chains.

Andalusia has the best conditions to be one of the most competitive and efficient regions in the world in the production of green hydrogen. It’s one of the places in Europe with the most competitive wind and solar photovoltaic generation capacity: up to 80% of the cost of green hydrogen production is derived from the cost of renewable electricity.

Andalusia consumes, approximately, 40% of the hydrogen currently used in Spain, so Palos de la Frontera and San Roque, where there is already a significant industrial fabric, are prime sites to implement large-scale projects. Only projects like these, with access to a broad mix of renewable sources and high end-user demand, can be competitive.

The location of the plants will contribute to the increased integration of renewable projects in the autonomous community and will improve their utilization by taking advantage of surplus renewable energy generation during off-peak hours, accelerating compliance with the region's and Spain's decarbonization objectives.