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ELEZY Endesa SA (PK)

9.899
-0.021 (-0.21%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Endesa SA (PK) USOTC:ELEZY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.021 -0.21% 9.899 9.64 10.06 9.95 9.788 9.788 6,779 21:06:11

Endesa Plans to Invest Over EUR2.9 Billion in Green Hydrogen in Spain

01/02/2021 2:10pm

Dow Jones News


Endesa (PK) (USOTC:ELEZY)
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By Giulia Petroni

 

Spanish utility Endesa SA said Monday that it plans to invest more than 2.9 billion euros ($3.52 billion) to develop 23 renewable hydrogen projects across Spain.

The company, a subsidiary of Enel SpA, said the investment will allow it to install electrolyzers with 340 megawatts of power, fed with 2,000 megawatts of renewable energy.

The plan, which was presented to the Spanish government, aims to accelerate the country's transition to cleaner forms of energy.

"These projects will contribute decisively to achieving the objectives set for the first phase (2020-2024) of the hydrogen road map launched by the central government," Endesa said.

The most advanced project, which is located in As Pontes in the A Coruna province and accounts for an investment of EUR738.2 million, includes a 100-megawatt electrolyzer and six wind farms with a combined capacity of 611 megawatts.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

February 01, 2021 08:55 ET (13:55 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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