Moeve Onuba 300 MW Green Hydrogen Project

• Moeve Owner · Operator · Developer
• Hy24 Investor / Financier
• Enagas Renovable Investor / Financier
• Alter Enersun Investor / Financier
• COFIDES Investor / Financier

Also recorded: Technology / equipment supplier and PMC / Owner's engineer For subscribers

• Hydrogen Product

Capacity For subscribers

• 

  30 October 2026

  Moeve 9M 2026: Clean CCS EBITDA €2,409m and record €885m capex

  Robust operations and refining raised product volumes; large Spain-focused capex ramp-up for energy transition; net debt fell to €2.1bn; construction begun on Europe’s largest green hydrogen project.
• 

  27 October 2026

  thyssenkrupp nucera: Three priorities to turn Europe's hydrogen ambition into industrial reality

  Europe needs competitive, secure power at scale, resilient industrial capabilities and public interventions that unlock private capital to convert hydrogen targets into operating plants.
• 

  17 September 2026

  Moeve starts Onuba — 300 MW first phase of Andalusian Green Hydrogen Valley

  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.
• 

  16 September 2026

  Moeve brings Hy24 and COFIDES into Onuba phase of Andalusian Green Hydrogen Valley

  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.
• 

  12 August 2026

  thyssenkrupp nucera doubles nine‑month order intake, halts SOEC mass‑production plan

  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.
• 

  31 July 2026

  Moeve H1 2026: €1.2bn Clean CCS EBITDA; 69% of H1 capex to energy transition in Spain

  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.
• 

  21 April 2026

  Hy24 takes 80% control of Enagás Renovable

  Acquires majority stake leaving Enagás with 20%; portfolio exceeds 850MW electrolysis, 20+ projects and eight FIDs, including Cartagena (2025) and Onuba (first 300MW FID Mar 2026).
• 

  3 February 2026

  Moeve to Start Andalusian Green Hydrogen Valley Construction

  The Andalusian Green Hydrogen Valley's first phase, Onuba, will invest €1 billion for 300 MW capacity, with potential for 100 MW more, aiming to decarbonize hard-to-abate sectors in Spain.

• alfalaval.com
• elestrechodigital.com
• euronews.com
• fuelcellsworks.com
• h2v.eu
• hydronews.it
• merca2.es
• moeveglobal.com 1 · 2
• moncloa.com