29 Aug, 2024 @ 18:30
1 min read

China to invest €2 billion into hydrogen energy plant in Spain’s Andalucia

China to invest €2 billion into hydrogen energy plant in Spain’s Andalucia

CHINESE company Hygreen Energy will back three major green hydrogen projects in Andalucia including a €2 billion investment for an energy plant in Huelva province.

It will also have a factory employing around 1,000 people in the Malaga area featuring technologies linked to the energy sector.

Hygreen has also closed a deal with Cox Abengoa to use its technology in the development of components for green hydrogen at its plant in Sevilla.

READ MORE:

HYGREEN FOUNDER, BENNY WANG, AND ANDALUCIA PRESIDENT, JUANMA MORENO IN BEIJING(Andalucia Govt image)

An agreement was signed in Beijing on Wednesday between the president of Hygreen Spain, Javier Romero, and the head of Cox Abengoa, Enrique Riquelme.

The accords came on the first day of an official trip to China by Andalucia president, Juanma Moreno, who visited the Daxing International Zone renewable energy park in the capital and met with officials from Hygreen Energy.

Moreno said his was pleased with the deals with Hygreen which will boost employment and enhance the industrialisation of Andalucia.

The region has doubled clean energy production from solar and wind sources in four years, according to Moreno, who stressed the area has a great future in renewable energy.

The president also praised the ‘enormous hospitality and excellent treatment’ accorded by China to the Andalucian delegation that were seek to promote collaboration in sectors such as renewables, cars and tourism to put the region on the ‘world map’.

Revealed: The most expensive street on Spain’s Costa Blanca where homes sell for an average of €4million
Previous Story

Revealed: The most expensive street on Spain’s Costa Blanca where homes sell for an average of €4million 

Spain records its lowest inflation rate in 14 months
Next Story

Spain records its lowest inflation rate in 14 months

Latest from Andalucia

Go toTop

More From The Olive Press