Repsol to develop two hydrogen projects in Spain with €183.18 million in aid from IDAE
Type: Financing · Technology: Hydrogen · Country: Spain · Value: $183.18M · Announced: 2026-07-21
The Institute for the Diversification and Saving of Energy (IDAE) has granted Repsol €183.18 million in aid for the development of two hydrogen projects in Spain. This financing follows Iberdrola's withdrawal from two previously selected hydrogen projects under the Spanish 'Auction as a Service' mechanism. The projects include ATLAS, a 50 MW facility receiving up to €133.39 million, and Puertollano Hydrogen Network (P-HYNET), a 12.27 MW electrolyzer integrated into Repsol's refinery in Puertollano, which will receive up to €49.79 million. P-HYNET aims to produce renewable hydrogen to replace gray hydrogen in refining processes, contributing to the decarbonization of Repsol's industrial operations. The aid is part of the second Spanish call of the 'Auction as a Service' mechanism, funded by the Recovery, Transformation and Resilience Plan with Next Generation EU funds.
Analysis
Repsol has received €183.18 million in aid from the Institute for the Diversification and Saving of Energy (IDAE) to develop two hydrogen projects in Spain, specifically the 50 MW ATLAS facility and the 12.27 MW Puertollano Hydrogen Network (P-HYNET) electrolyzer. Repsol is an integrated energy company involved in the exploration, production, refining, and marketing of oil and gas, as well as renewable energy and electricity. IDAE, a public entity in Spain, promotes energy efficiency and renewable energy sources, providing support, financing, and technical assistance. The aid is part of the second Spanish call of the 'Auction as a Service' mechanism, funded by the Recovery, Transformation and Resilience Plan with Next Generation EU funds, announced on 2026-07-21. The projects include ATLAS, which will receive up to €133.39 million, and P-HYNET, which will receive up to €49.79 million.
Key points
- €183.18 million in aid from IDAE
- 50 MW ATLAS facility
- 12.27 MW Puertollano Hydrogen Network (P-HYNET) electrolyzer
- Announced on 2026-07-21
- Funded by the Recovery, Transformation and Resilience Plan with Next Generation EU funds
Counterparties
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