Moeve reaches final investment decision to start constriuction of green hydrogen project in Spain
In Spain, Moeve’s Board of Directors has approved the final investment decision to begin construction in the coming weeks of the Andalusian Green Hydrogen Valley. The first phase, known as Onuba, will be the largest in Southern Europe with 300 MW of capacity and the option to expand by an additional 100 MW.
Onuba entails a total global investment of more than $1.16 billion, including associated infrastructure and the development of a self-consumption photovoltaic plant. The project, led by Moeve with a majority stake of 51%, will also include participation from Masdar, a global clean energy leader, and Enalter.
“This decision to launch Southern Europe’s largest green hydrogen plant marks a defining step in Moeve’s Positive Motion transformation strategy. Onuba will anchor a world-class hub for green molecules in Spain, supplying renewable fuels to hard-to-abate sectors while reinforcing Europe’s energy and industrial resilience. By partnering with other leaders in renewable energy, we are creating an ecosystem to build at scale,” said Maarten Wetselaar, CEO of Moeve.
The execution of the additional 100 MW of Onuba is subject to obtaining additional grid capacity and board approval.
At 300 MW, Onuba will have the capacity to produce around 45,000 tons of green hydrogen per year, avoiding about 250,000 tons of CO2 annually.
Category: Hydrogen
