Cepsa and the Ibereólica Renovables Group join forces to supply energy to their green hydrogen projects

Cepsa and the Ibereólica Renovables Group closed an agreement this Thursday with which the oil company guarantees access to 5GW of clean energy at competitive prices with which to support the growth of its green hydrogen projects located in the company’s Energy Parks in Andalusia, as well as for its network of service stations.

The agreement allows the Ibereólica Renovables Group to guarantee the long-term sale of the electricity production of 9 wind projects, 4 photovoltaic and 2 hybrid projects that are under development in the provinces of Burgos, Palencia, Valladolid, Zamora, Ávila and Cáceres, and that It is expected to be ready in 2026.

Ibereólica already has 17 photovoltaic projects under development in Castilla-La Mancha, Andalusia and Extremadura and the Community of Madrid, with a capacity of 2.1 GW, of which 1.1 GW already have network access, environmental impact statement (DIA) and prior administrative authorization.

“Through this alliance with Grupo Ibereólica Renovables, one of the main players in the renewable energy sector in Spain, we strengthen long-term access, and at a stable and competitive price, of sustainable energy with which to promote the development of our hydrogen projects. green energy and biofuels, being complementary to the development of our renewable energy projects”, commented Carlos Barrasa, director of Commercial

For his part, Gregorio Álvarez, president and founder of Grupo Ibereólica Renovables, highlighted: “Our Group’s alliance with one of the main players in the energy sector, such as Cepsa, constitutes a fundamental lever for the development of our portfolio of projects of renewable generation in Spain in the medium and long term, and reinforces our firm commitment to the decarbonisation of the energy matrix as a means of promoting a more sustainable world”.

With these projects, Cepsa seeks to cover the renewable energy necessary for the energy consumption of its industrial centers, especially for the production of green hydrogen, as well as to supply the ultra-fast charging points that it is installing in its network of service stations for electric vehicles.