Investments in infrastructure construction projects in Spain

Investments in infrastructure construction projects in Spain

16.08.2022

The characteristic of a secure state is its energy policy. Spanish energy company and European transmission system operator Enagás will invest nearly €3bn in projects related to gas infrastructure, renewable hydrogen and biomethane production.

Spanish company is planning to ensure energy supply security and drive decarbonisation in Spain and Europe by 2030. During the next 8 years Enagás will invest in projects to gas infrastructure, renewable hydrogen and biomethane production.

“This 2022-2030 Strategic Plan repositions the company around the two main axes of the new European energy paradigm and Enagás’ purpose: security of supply and decarbonisation“, Enagás CEO Arturo Gonzalo said.

Spain is planning to develop hydrogen infrastructure and new energy technologies.

It will also invest €85m in 20 biomethane projects and the promotion of waste management to contribute to a circular economy.

"The strategic plan has one key purpose: to contribute to security of supply and decarbonisation, which are two sides of the same coin," Enagas Chief Executive Arturo Gonzalo Aizpiri added.

Renewable or green hydrogen is being touted as the future of energy, providing a flexible and zero-emission fuel for transport and electricity generation.

 

Source: https://www.reuters.com/article/enagas-strategy-idAFL1N2YT0AL


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