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Spain Moves to Codify Hydrogen Market Rules as Enagás Accelerates Network Buildout

Executives say green hydrogen remains uneconomic at current electricity prices.

Overview

  • Energy transition minister Sara Aagesen said the government will present a draft law in the coming months to transpose the EU Hydrogen Package, setting rules for network access, renewable hydrogen certification and separation of activities, with tools to stimulate demand.
  • Enagás reported the Spanish Trunk Hydrogen Network and the H2med corridor are progressing at cruising speed, with public participation completed in eight regions in 2025 and due in the remaining five in 2026, and with technical viability and target operation dates reaffirmed.
  • Repsol CEO Josu Jon Imaz said green hydrogen would require electricity at roughly €10–15/MWh to be competitive and said such prices are unlikely this decade, as the company trims its 2030 capacity goal to about 600–700 MW including 200–250 MW from biogas.
  • Repsol has approved nearly €670 million for 100 MW electrolyzers in Cartagena and Bilbao backed by EU funds, maintains smaller units in operation or construction, and has a 150 MW Tarragona project awaiting a final investment decision.
  • Industry leaders from Naturgy and Iberdrola reported widespread delays to renewable hydrogen FIDs and uncertain off‑take economics, even as the Hydrogen Council tallied about $110 billion in FID‑level investments globally and Spain counted 399 projects worth an estimated €33 billion.