Repsol has paused its planned green H₂ projects in Spain, which would have had a combined electrolysis capacity of 350 MW, due to an unfavorable regulatory environment. This decision reflects concerns over regulatory uncertainty, including the potential for a permanent windfall tax on energy companies.

Spain aims for 12 GW of green H₂ production by 2030, making Repsol's halt significant for the country's green energy goals. The affected projects include a 100 MW initiative in Cartagena and others in Tarragona and the Basque Country.

Repsol will proceed with its next electrolyzer project in Portugal instead. The company's stance against the windfall tax aligns with other oil firms, which argue that it threatens substantial investments in the energy transition.

Source: Reuters

For the original story, visit: https://www.reuters.com/business/energy/repsol-freezes-green-hydrogen-projects-spain-2024-10-21/