Enagás Renovable, S.A. is a Spanish renewable energy company focused on the development of green hydrogen and biomethane projects to advance decarbonization and support the transition to a carbon-neutral economy.
Established in 2019 and headquartered in Madrid, the firm operates as an integrated platform covering the entire project value chain from development, financing, and construction to operations, maintenance, and commercialization. It maintains a portfolio exceeding 20 specific projects across Spain, establishing itself as one of the largest European platforms in renewable gases.
Notable initiatives include Spain’s first industrial green hydrogen plant in Lloseta, Mallorca, and the UNUE biomethane production facility in Burgos, the country’s first large-scale private biomethane project connected to the national gas grid. Projects target industrial applications, mobility, thermal uses, and renewable energy management while emphasizing circular economy principles.
Current ownership consists of Hy24 (a joint venture of Ardian and FiveT Hydrogen) holding an 80% majority stake, with Enagás retaining 20%. This structure resulted from strategic transactions, including a 2026 sale of additional shares to Hy24, to align with European unbundling regulations.
The company contributes significantly to Spain’s Hydrogen and Biogas Roadmaps, supports the national Hydrogen Backbone Network, and collaborates with partners such as Repsol and Moeve on major initiatives, positioning it as a key player in Europe’s renewable gas sector.
Also known as Enagas Renovable, Enagás Renovable S.A., ENAGAS RENOVABLE SA, and Enagás Renovable, S.L..
chemXplore tracks 2 projects involving Enagas Renovable, of which 2 are active.
Enagas Renovable's role on them: Investor / Financier.
2 new construction.
1 of the active projects carry no start-up date yet.
Licensors and offtakers are recorded on all 2 of them For subscribers
Targeting: Hydrogen (2), Oxygen (1)
Certification recognises cybersecurity management programme protecting the Yela underground gas storage facility in Guadalajara.
First phase delivers 300 MW (option +105 MW), ~45,000 tH2/yr, >€1bn phase investment, €304m public support and an expected >8,000 jobs across the value chain.
First phase includes a 300 MW electrolyser (>€1bn capex), ~45,000 t H2/yr and ~250,000 t CO2 avoided; received €304m public funding and reached FID.
Nearly doubled nine‑month order intake; wins Moeve 300‑MW contract with service package; discontinues SOEC mass‑production, incurring ~€30m one‑time EBIT hit and updating FY26 outlook.
Net income €458m, capex €605m and operating cash flow €762m; leverage fell to 1.2x; groundbreaking for 300 MW Andalusian Green Hydrogen Valley on Sept 17; Galp merger talks continue.
Purchase of additional stake in Sagunto LNG terminal pending approvals; aimed at supply security and integration with decarbonisation projects, expected before end‑2026.
FEED will finalise route, compression layout, permits and procurement specs; CEF granted over €28m for studies and surveys; FID required ahead of planned 2032 start.
Conceptual public participation plan opened for a 44 km hydrogen pipeline in Murcia, with local events and info points; part of Spain’s wider 2,600 km Hydrogen Backbone programme.
By country, the most active first. active / all projects
