European Energy is actively pursuing a partner to expand its Power-to-X footprint in Europe, starting with new projects in Spain.
📍 Project Details:
– Locations: Galicia, Andalusia, Catalonia, and Aragon
– Capacity: 150 MW of electrolyzers per project
– Output: 100,000 tonnes of green e-methanol annually from all four projects combined
– Investment: Estimated between €700mn and €1bn per project
🤝 Strategic Objectives:
– Expand the green methanol production footprint globally
– Replicate the success of the Kassø, Denmark plant, set to be operational by year-end
– Form strategic partnerships to optimize investment strategy - brought in Mitsui as a shareholder of the Kassø plant
💡 Market Insights:
The surge in Power-to-X projects in Spain reflects a broader trend driven by ample clean power availability at stable prices and supportive government policies. Competitors like PNE, Repsol, Solarig, and Naturgy are also investing heavily in this sector.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
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