UK-headquartered Renewco Power and INDHO, a green hydrogen developer based in Ciudad Real, Spain, have announced the launch of Indhyco, a new platform dedicated to green hydrogen projects throughout Spain.
Indhyco aims to develop 1 GW of green hydrogen projects focused on industrial consumption, leveraging renewable power generation for efficient hydrogen production near consumption sources. This joint venture combines Renewco’s expertise in renewable energy projects in Europe and the US with INDHO’s extensive experience in the Spanish green hydrogen sector.
Renewco, since its 2021 launch, has developed a 5GW pipeline from 50 projects across the UK, Spain, Italy, and the US, with many advancing to the ready-to-build stage. INDHO, a pioneer in renewable hydrogen projects in Spain and Chile since 2016, has developed two green hydrogen projects in Spain, both now at the RTB stage.
Pedro Perejon, Renewco’s business development director in Spain, emphasised that the platform would strengthen Renewco’s position in Spain’s growing green hydrogen sector. He highlighted the benefit of collaborating with Fernando and Ricardo, experienced leaders in Spain’s green hydrogen industry.
Javier Salgado, Renewco’s H2 manager, stated that the alliance would address industrial decarbonization demands by developing green hydrogen projects, contributing significantly to reducing emissions through green derivatives.
Fernando A. Román, director at INDHO, noted that Indhyco’s projects would utilise renewable energy with existing infrastructures, benefiting both industrial and domestic sectors. Ricardo Izquierdo, director at INDHO, added that Indhyco is well-equipped to meet the ambitious green hydrogen goals set by Spain and the European Union.
For more information visit www.renewcopower.com
