Spain’s Green Hydrogen Ambitions: Moeve’s Onuba Project and Europe’s Renewable Future – News and Statistics

Spain’s Green Hydrogen Ambitions: Moeve’s Onuba Project and Europe’s Renewable Future – News and Statistics


Nov 7, 2026

Spain is aiming to become Europe’s leader in green hydrogen, drawing on its solar and wind resources and available land for large renewable installations. According to Hydrogen Central, the country’s long reliance on imported oil and gas could give way to an energy opportunity built around a still-emerging industry.

Maarten Wetselaar, chief executive of Moeve, said Spain has historically lacked domestic oil and gas but now has an opening because of abundant solar power, strong wind resources and space for large renewable parks. The company formerly known as Cepsa has started construction at Palos de la Frontera in Huelva on Onuba, the first phase of the Andalusian Green Hydrogen Valley. The project involves more than 1 billion euros of investment and will begin with 300 megawatts of electrolysis capacity.

The ambition extends beyond a single plant. Spain intends to use its renewable resources to build a new industry, reduce its energy dependence and, over the longer term, supply energy to other European countries.

What Green Hydrogen Is

Hydrogen is not a primary energy source like the sun or wind but an energy carrier that requires energy to produce. It has been used for decades in refineries, the chemical industry and in products such as fertilisers, yet most hydrogen is still made from fossil fuels. Grey hydrogen is mainly produced using natural gas, a process that generates CO2 emissions.

Green hydrogen differs in how it is made. Electrolysis uses an electric current to split water molecules into hydrogen and oxygen. When the electricity comes from renewable sources such as solar or wind, the result is renewable or green hydrogen.

Electricity is the central cost factor. Wetselaar said power accounts for roughly 70% of the cost of green hydrogen. He indicated that producing it where renewable electricity is cheapest in Europe, namely the Iberian Peninsula, would make the fuel highly competitive, and he described Spain as a large source of renewable energy that can and will become Europe’s leading producer of green hydrogen.

Where Hydrogen Fits

Using renewable electricity directly is generally more efficient than converting it into hydrogen and then using the hydrogen as an energy source. The goal is therefore not to replace fossil fuels with hydrogen across all applications.

Its main potential lies in sectors that are hard to electrify directly. Certain processes in heavy industry, chemical production and parts of maritime and air transport need alternatives to fossil fuels that batteries cannot always provide in a practical way. Hydrogen can also be used to produce derivatives such as ammonia or synthetic fuels.

At the launch of the Huelva project, Spain’s prime minister, Pedro Sanchez, argued that the technology can help cut emissions from activities that still depend on oil and gas. He also framed the bet in economic terms, saying the transformation is not only about better protection against crises but also about seizing a huge industrial opportunity.

Major hurdles remain before the ambition can be realised, according to the source, though businesses and public authorities are channelling multi-billion-euro investments into the technology.

Interactive table based on the Store Companies dataset for this report.


# Company Headquarters Focus Scale Note
1 Carburos Metálicos Cornellà de Llobregat, Spain Bulk hydrogen production, supply and distribution Global Air Products subsidiary supplying industrial gases across Spain.
2 Air Liquide España Madrid, Spain Industrial hydrogen production and bulk supply Global Supplies hydrogen to refining and industrial customers.
3 Linde Gas España Barcelona, Spain Industrial hydrogen production and distribution Global Provides hydrogen supply and handling for industrial applications.
4 Messer Ibérica de Gases Vilaseca, Spain Industrial hydrogen supply Global Industrial-gas supplier with Spanish production and distribution operations.
5 Nippon Gases España Madrid, Spain Industrial hydrogen supply and gas services Global Taiyo Nippon Sanso group company serving Spanish industrial customers.
6 Repsol Madrid, Spain Low-carbon hydrogen production and industrial supply Global Spanish energy company developing renewable hydrogen projects.
7 Moeve Madrid, Spain Renewable hydrogen production for industrial use Regional Developing green hydrogen projects linked to its Spanish energy operations.
8 Iberdrola España Bilbao, Spain Renewable hydrogen production and supply projects Global Develops electrolyzer projects for industrial customers.
9 H2B2 Electrolysis Technologies Seville, Spain Green hydrogen production and project supply Global Spanish company developing and supplying electrolyzer-based hydrogen projects.
10 Plug Power Spain Madrid, Spain Green hydrogen production and supply solutions Global Develops hydrogen production projects and supply infrastructure.

  1. 1. INTRODUCTION

    Report Scope and Analytical Framing

    1. Report Description
    2. Research Methodology and the Analytical Framework
    3. Data-Driven Decisions for Your Business
    4. Glossary and Product-Specific Terms
  2. 2. EXECUTIVE SUMMARY

    Concise View of Market Direction

    1. Key Findings
    2. Market Trends
    3. Strategic Implications
    4. Key Risks and Watchpoints
  3. 3. DOMESTIC MARKET SIZE AND DEVELOPMENT PATH

    Market Size, Growth and Scenario Framing

    1. Market Size: Historical Data (2012-2025) and Forecast (2026-2035)
    2. Growth Outlook and Market Development Path to 2035
    3. Growth Driver Decomposition
    4. Scenario Framework and Sensitivities
  4. 4. CATEGORY SCOPE, DEFINITIONS AND BOUNDARIES

    Commercial and Technical Scope

    1. What Is Included and How the Market Is Defined
    2. Market Inclusion Criteria
    3. Product / Category Definition
    4. Exclusions and Boundaries
    5. Distinction From Adjacent Products and Substitute Categories
  5. 5. CATEGORY STRUCTURE, SEGMENTATION AND PRODUCT MATRIX

    How the Market Splits Into Decision-Relevant Buckets

    1. By Product Type / Configuration
    2. By Application / End Use
    3. By Customer / Buyer Type
    4. By Channel / Business Model / Technology Platform
    5. Segment Attractiveness Matrix
    6. Product Matrix and Segment Growth Logic
  6. 6. DOMESTIC DEMAND, CUSTOMER AND BUYER ARCHITECTURE

    Where Demand Comes From and How It Behaves

    1. Consumption / Demand: Historical Data (2012-2025) and Forecast (2026-2035)
    2. Demand by End-Use and Buyer Group
    3. Demand by Customer / Consumer Segment
    4. Purchase Criteria, Switching Logic and Adoption Barriers
    5. Replacement, Replenishment and Installed-Base Dynamics
    6. Future Demand Outlook
  7. 7. DOMESTIC PRODUCTION, SUPPLY AND VALUE CHAIN

    Supply Footprint and Value Capture

    1. Production in the Country
    2. Domestic Manufacturing Footprint
    3. Capacity, Bottlenecks and Supply Risks
    4. Value Chain Logic and Margin Pools
    5. Distribution and Route-to-Market Structure
  8. 8. IMPORTS, EXPORTS AND SOURCING STRUCTURE

    Trade Flows and External Dependence

    1. Exports
    2. Imports
    3. Trade Balance
    4. Import Dependence
    5. Sourcing Risks and Resilience
  9. 9. PRICING, PROMOTION AND COMMERCIAL MODEL

    Price Formation and Revenue Logic

    1. Domestic Price Levels and Corridors
    2. Pricing by Segment / Specification / Channel
    3. Cost Drivers and Margin Logic
    4. Promotion, Discounting and Procurement Patterns
    5. Revenue Quality and Commercial Levers
  10. 10. COMPETITIVE LANDSCAPE AND PORTFOLIO POWER

    Who Wins and Why

    1. Market Structure and Concentration
    2. Competitive Archetypes
    3. Segment-by-Segment Competitive Intensity
    4. Portfolio Breadth and Product Positioning
    5. Capability Matrix
    6. Strategic Moves, Partnerships and Expansion Signals
  11. 11. DOMESTIC MARKET STRUCTURE AND CHANNEL LOGIC

    How the Domestic Market Works

    1. Core Demand Centers
    2. Local Production and Distribution Roles
    3. Channel Structure
    4. Buyer and Procurement Architecture
    5. Regional Imbalances Within the Country
  12. 12. GROWTH PLAYBOOK AND MARKET ENTRY

    Commercial Entry and Scaling Priorities

    1. Where to Play
    2. How to Win
    3. Distributor / Partner / Direct Entry Options
    4. Capability Thresholds
    5. Entry Risks and Mitigation
  13. 13. WHERE TO PLAY NEXT: MOST ATTRACTIVE GROWTH OPPORTUNITIES

    Where the Best Expansion Logic Sits

    1. Most Attractive Product Niches
    2. Most Attractive Customer Segments
    3. White Spaces and Unsaturated Opportunities
    4. High-Margin and Underpenetrated Pockets
    5. Most Promising Product Adjacencies
  14. 14. PROFILES OF MAJOR COMPANIES

    Leading Players and Strategic Archetypes

    1. Leading Manufacturers and Suppliers
    2. Production Footprint and Capacities
    3. Product Portfolio and Segment Focus
    4. Pricing Positioning and Indicative Price Logic
    5. Channel / Distribution Strength
    6. Strategic Archetypes
  15. 15. METHODOLOGY, SOURCES AND DISCLAIMER

    How the Report Was Built

    1. Modeling Logic
    2. Source Register
    3. Publications, Regulatory and Industry References
    4. Analytical Notes
    5. Disclaimer

Carburos Metálicos

Air Products subsidiary supplying industrial gases across Spain.

Air Liquide España

Supplies hydrogen to refining and industrial customers.

Linde Gas España

Provides hydrogen supply and handling for industrial applications.

Messer Ibérica de Gases

Industrial-gas supplier with Spanish production and distribution operations.

Nippon Gases España

Taiyo Nippon Sanso group company serving Spanish industrial customers.

Repsol

Spanish energy company developing renewable hydrogen projects.

Moeve

Developing green hydrogen projects linked to its Spanish energy operations.

Iberdrola España

Develops electrolyzer projects for industrial customers.

H2B2 Electrolysis Technologies

Spanish company developing and supplying electrolyzer-based hydrogen projects.

Plug Power Spain

Develops hydrogen production projects and supply infrastructure.



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