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Related Articles
Europe should partner with China in clean hydrogen race
China emerges as clear frontrunner as US growth stalls and Europe burdens its industry with labyrinthine regulations
Egyptian green hydrogen in holding position
Investors remain committed to development but are waiting on greater international market certainty
India bullish on green hydrogen potential
The government has ambitions to scale up production and become a major exporter by the end of the decade
Spain tightens grip on EHB green subsidies
Half of winning bidders are based in southern European country as €1b auction clears at lower-than-expected levels
Letter on hydrogen: Electric shock
Spain’s unprecedented blackout highlighted the risk for green hydrogen producers with exposure to Europe’s creaking power grids
EU waves through €400m Spanish green support scheme
Scheme will fund up to 345MW of electrolyser capacity through direct grants for up to ten years
France cuts 2030 electrolytic capacity target by 30%
Government cites slower than expected market development but stands by plan to offer €4b of subsidies to projects aimed at industry
West Africa looks to emulate its northern neighbours
Region has all the ingredients to become a green hydrogen powerhouse but faces plenty of barriers and stiff competition
Oman targets mid-scale projects in third green auction
The country is engaging with potential investors from North America and China as it refines its auction process to reflect shifting dynamics in green hydrogen, Hydrom’s managing director tells Hydrogen Economist
Spain ramps up support for green hydrogen
Government awards €1.21b of funding to seven large-scale projects as it chases capacity target of 12GW by 2030
A project is already underway at BP’s Castellon refinery
BP Iberdrola Spain Portugal UK Ammonia Renewables Solar
Stuart Penson
28 July 2022
Follow @PetroleumEcon
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BP and Iberdrola in green hydrogen alliance

Companies plan to form joint venture to develop projects across Spain, Portugal and the UK

BP and Spanish energy company Iberdrola say they intend to form a joint venture (JV) to develop up to 600,000t/yr of green hydrogen production, coupled with newly installed renewable power capacity, at various hubs across Spain, Portugal and the UK. The JV, which is expected to be finalised by the end of this year, would also include production of derivatives such as green ammonia and methanol, potentially for export into northern Europe. The two companies would also potentially look to develop green hydrogen production in other regions. The alliance would combine Iberdrola’s track record in renewables development and its global customer base with BP’s experience in gas processing, knowledge

Also in this section
Europe should partner with China in clean hydrogen race
11 June 2025
China emerges as clear frontrunner as US growth stalls and Europe burdens its industry with labyrinthine regulations
Letter on hydrogen: Bankable business?
30 May 2025
Pressure is growing on developers to prove the bankability of their projects in a challenging market for green hydrogen
Egyptian green hydrogen in holding position
23 May 2025
Investors remain committed to development but are waiting on greater international market certainty
India bullish on green hydrogen potential
22 May 2025
The government has ambitions to scale up production and become a major exporter by the end of the decade

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