Moeve reaches FID on Andalusian Green Hydrogen Valley Project

02 Mar Moeve reaches FID on Andalusian Green Hydrogen Valley Project

(Oilandgaspress) -Moeve’s Board of Directors has approved the final investment decision to begin construction in the coming weeks of the Andalusian Green Hydrogen Valley. The first phase, known as Onuba, will be the largest in Southern Europe with 300 MW of capacity and the option to expand by an additional 100 MW.

Onuba entails a total global investment of more than €1 billion, including associated infrastructure and the development of a self consumption photovoltaic plant. The project, led by Moeve with a majority stake (51%), will also include participation from Masdar, a global clean energy leader, and Enalter (majority owned by Enagás Renovable, a pioneering company in the development of renewable gases).

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