Source:https://www.scmp.com/business/article/3278152/envision-energy-build-us1-billion-green-hydrogen-industrial-park-spain
Business

Envision Energy to build US$1 billion green hydrogen industrial park in Spain

Project partners will include the Spanish government and local industrial and financial bodies, the Shanghai-based firm said.

Yujie Xue
Spain’s Prime Minister Pedro Sanchez (centre) looks at Formula e-cars during a visit to Envision in Shanghai. Photo: EPA-EFE

Chinese renewable energy developer Envision Energy is planning to build a US$1 billion green hydrogen industrial park in Spain to help the European country’s clean energy transition, while furthering China’s ambition to dominate the industry.

The firm, which is the world’s second largest wind-turbine supplier, will partner with the Spanish government and local industrial and financial bodies to build a facility to produce electrolysers, according to a statement. Electrolysers are used to produce green hydrogen, which in turn, can power vehicles and generate electricity.

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