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25 junio 2024

Aragon Secures Investments Exceeding 900 Million Euros in Renewable Energy

Aragon continues to strengthen its position in the field of renewable energies, attracting new projects with substantial investments totaling over 900 million euros.

The most significant project, both economically and environmentally, is the upcoming green hydrogen production plant, set to receive an investment of approximately 700 million euros. Caspe, located in the province of Zaragoza, will be the site of this pioneering project, creating a reference center for green energy in the region. The facilities, spanning around six hectares in the southern part of the industrial area of El Portal in Caspe, will be developed by Quantum Hydrogen, a subsidiary of Capital Energy. The European funds, particularly from the Perte Erha, will contribute 15 million euros to the financing of this venture, aligning with the strategic objectives of the Recovery, Transformation, and Resilience Plan.

This ambitious initiative extends beyond hydrogen production, incorporating a focus on ammonia production. Anticipated to generate approximately 60 permanent jobs, including technicians, unskilled personnel, and a management team, the complex aims to be operational within 18 months of construction commencement. Notably, job creation will also occur during the construction phase. The project, initiated in late 2022, is projected to commence operations in 2024, with ongoing efforts to obtain all necessary permits for operations in the Caspe industrial park. Additionally, there is the possibility of the initiative being declared a Project of Strategic Interest by the Aragon Government to expedite administrative procedures.

Aragon has also successfully attracted three additional green hydrogen projects in La Zaida, Morata, and Zuera, receiving a grant of 37 million euros within the second call of the incentive program for innovative renewable hydrogen projects (H2 Pioneers), managed by the Institute for Energy Diversification and Saving (IDEA), under the MITECO.

Beyond hydrogen, Aragon is witnessing investments of about 180 million euros in wind and photovoltaic projects. Next Generation funds contribute 14 million euros to the construction of three wind farms and two solar farms in El Burgo and Fuentes de Ebro, Zaragoza. This initiative is jointly promoted by Compañía Energética Aragonesa de Renovables and Enagás Renovable.

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