Acciona Energia has entered into agreements for several green hydrogen facilities, one with the Australian energy company Stanwell Corporation and a joint venture with the American company Plug Power Inc. to establish several production sites in Spain and Portugal.
Stanwell Corporation and Acciona have signed a memorandum of understanding to develop a 3 GW green hydrogen facility in Queensland, Australia. It will be powered by Acciona’s Aldoga photovoltaic solar power plant and will produce hydrogen for export to Japan and for use in local industry.
Aldoga, located 20 kilometers northwest of Gladstone, was originally designed as a 250 MW solar project, but is now set to expand to 600 MW after recently gaining approval from the Queensland government to do so.
Stanwell CEO Michael O’Rourke said the company “would take advantage of the direct connection to the Aldoga solar farm to power the first stage of the proposed CQ-H2 hydrogen plant.”
“Today’s deal means that a Queensland-based hydrogen power plant could soon be powered by solar power, also produced in central Queensland,” Queensland Premier Annastacia said. Palaszczuk.
In June, the Queensland government announced it would invest A $ 2 billion (US $ 1.55 billion) in renewable energy and hydrogen-related jobs to ‘supercharge’ its green recovery and help it. achieve its goal of 50% clean energy by 2030.
Stanwell has brought together a consortium of Australian and Japanese companies to develop the Aldoga smelter, which includes Australian gas infrastructure company APA Group and Japanese companies Iwatani Corporation, Kawasaki Heavy Industries, Marubeni and Kansai Electric Power Company.
Palaszczuk said there was “an increasing demand for renewable hydrogen” in “markets like Japan and South Korea” and that “since the announcement of the historic partnership between Iwatani and Stanwell, land has been secured at Aldoga and a $ 10.4 million feasibility study has been announced. “
Although this is an important first step, the installation “will require significantly higher amounts of renewable energy to support the development of the second step,” said O’Rourke.
The Aldoga solar farm, which has a 30-year lease, is scheduled to begin construction in September 2023, with production scheduled to begin in December 2025.
Acciona signs joint venture, formed AccionaPlug
Meanwhile, Acciona has signed a 50-50 joint venture with hydrogen fuel cell specialist Plug Power, forming AccionaPlug.
The company plans to invest more than 2 billion euros (US $ 2.41 billion) to develop, operate and maintain green hydrogen projects throughout Spain and Portugal. It will provide storage, transport and delivery services to its customers, initially targeting the industry and mobility business segments.
AccionaPlug targets hydrogen production facilities co-located directly with industrial customers as well as stand-alone factories that produce hydrogen for regional distribution. He expects the first of these to go live in 2023.
AccionaPlug is targeting a substantial market share of the green hydrogen sector in Spain and Portugal by 2030, with medium-term plans to produce more than 100 tonnes of green hydrogen per day. It is also seeking to develop several factories, including several plants producing green hydrogen of 15 tonnes per day to reliably meet the demand for industrial and emerging mobility.
“By working together under the name of AccionaPlug, we will build a robust green hydrogen ecosystem that will help Europe achieve its sustainability goals, positioning Spain and Portugal as the main global hydrogen hubs” , said Andy Marsh, CEO of Plug Power.
“AccionaPlug is the platform that will leverage Acciona’s presence and track record in renewable energy and Plug Power’s technology and knowledge in the hydrogen sector to accelerate the deployment of green hydrogen” said Alan Ripa, new CEO of AccionaPlug and former CEO of Acciona. supervisor.