Spain

India’s Sterling Generators and Spain’s Tecnicas Reunidas have signed an agreement to jointly develop electrolyzers for green hydrogen production in India.

PV Hardware (PVH) will supply solar trackers for a 1 GW PV project at Ar Rass 2 Solar PV Park in Saudi Arabia. The project is being developed by ACWA Power with Larsen & Toubro (L&T) as EPC contractor.

Acciona Energy expects to complete the 412 MWp solar PV project by 2025. The plant will be the Spanish renewable energy developer’s largest project in the country.

The Spanish government says it aims to deploy 76 GW of cumulative PV capacity and 22 GW of storage by the end of this decade. The old version of the national energy strategy had set a PV target of 39 GW.

PVH’s manufacturing facility in Jeddah will supply solar trackers to Larsen & Toubro for the 2.97 GWp PV project in the NEOM region of Saudi Arabia.

Madrid will open Spain’s first plant to produce green hydrogen from recycled water in 2024. The facility, situated at a water treatment plant, will use electrolysis to simultaneously extract oxygen and purify water.

India is the top market for solar investment, according to the latest edition of Ernst & Young’s renewables attractiveness index. Spain, Germany and the United States are the top three markets for corporate power purchase agreements (PPAs).

India’s GR Promoter Group has entered the green hydrogen market in a joint venture with Spanish hydrogen technology solutions provider H2B2. The JV will manufacture water-based electrolyzers and develop green hydrogen production plants based on off-taker agreements.

It will be one of the largest and most automated lines in North India, with the capacity to produce higher power modules with larger cells. The first phase will have a production capacity of 500 MW.

India ranks behind the United States and China in IHS Markit’s latest rankings of most attractive solar markets.