A Decisive Impulse for the Production of Green Hydrogen on an Industrial Scale
The European Hydrogen Bank has awarded a subsidy of 230 million euros to the Catalina project, promoted by Copenhagen Infrastructure Partners (CIP) and Enagás Renovable, for the production of green hydrogen on an industrial scale. This grant, granted through the Copenhagen Infrastructure Energy Transition Fund I K/S, represents crucial support for the development of a hydrogen economy in Europe.
Significant Impact on the Reduction of CO₂ Emissions and Decarbonization
The Catalina project, which will be developed in Andorra (Terol), aims to produce up to 84,000 tons of green hydrogen annually. This production will represent more than 15% of the total hydrogen consumption in Spain and will contribute to avoiding the emission of at least 3 million tons of CO₂ in the first ten years of operation. In addition, the hydrogen produced will be transported to eastern Spain through the Spanish Hydrogen Backbone for the decarbonisation of various industrial activities.
Contribution to Renewable Hydrogen Production Goals and Global Leadership
The Catalina project will play a key role in achieving the renewable hydrogen production targets in Spain and Europe, placing Aragon and Spain as world leaders in the production of green hydrogen. In addition, it will contribute significantly to the decarbonisation of industries in Aragon, the eastern coast of Spain and throughout the country.
Acknowledgment and Thanks for the Grant
Søren Toftgaard, CIP Partner and Co-Director of the Energy Transition Fund, expressed his pride and gratitude for receiving this grant. He praised the support of European policy makers and highlighted the maturity of the hydrogen economy, demonstrated through competitive bids such as this pilot auction. He also thanked partners in Spain, the rest of Europe, authorities and local communities for their collaboration in creating a more sustainable future for the next generations of Europeans.
Conditions and Forecast of Operability
The financing granted to the Catalina project will extend from the date of entry into commercial operation until the end of the 10-year subsidy period. This, however, is conditional on the project being launched within five years of signing the grant agreement. CIP expects the project to be operational by 2029 at the latest.