UK-headquartered Renewco Power (Renewco) and INDHO, a pioneering green hydrogen developer based in Ciudad Real in central Spain, have announced the launch of Indhyco, an exciting new development platform exclusively focused on green hydrogen projects throughout the Spanish market.
Indhyco will develop green hydrogen projects with an emphasis on industrial consumption through efficient production of hydrogen close to the source of consumption and enabled by renewable power generation.
This new joint venture will combine Renewco’s expertise in developing renewable energy projects across Europe and the US with INDHO’s unique know-how and extensive experience of the green hydrogen sector in Spain. Indhyco’s goal is to develop 1 GW of green hydrogen projects to the ready to build (RTB) stage within five years.
Renewco is a renewable energy platform dedicated to developing solar PV, onshore wind, battery storage, and green hydrogen projects across Europe and the US. Since launching in 2021, Renewco has rapidly developed a 5 GW pipeline from 50 projects of solar, wind, BESS and green hydrogen projects across the UK, Spain, Italy and the US. Many of these projects are advancing to the ready to build RTB stage in the next 3 years.
INDHO was one of the first companies to start developing renewable hydrogen projects in Spain and Chile in 2016. They have since developed two green hydrogen projects in Spain, both of which have now reached the RTB stage.
Tags: Hydrogen, INDHO, Renewco Power, Spain
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