Enagás Renovable and Alter Enersun create a joint venture to provide renewable energy solutions13 de April de 2023
- Both companies share the vision that the renewable energy and gas mix is key to the energy transition and the fight against climate change
- Enalter, a 50/50 joint venture between the two companies, will offer green hydrogen and renewable electricity to energy-intensive industries, thus contributing to their decarbonisation
- This partnership reinforces the commitment of both companies to promoting renewable energies, decarbonisation and energy transition, as well as to the fight against climate change
- The new company has five projects in its portfolio in Spain
Enagás Renovable, a developer of renewable gas production projects, and Alter Enersun, an integrated energy group focused on the production of renewable electricity through photovoltaic solar energy, have created Enalter, a joint venture, each with a 50% shareholding. The new company was created to develop energy solutions that combine renewable electricity generation and green hydrogen production for the decarbonisation of energy-intensive industry.
Commitment to decarbonisation together with local development
Enalter began operations in October and, like Alter Enersun, has its registered office and tax domicile in Extremadura, demonstrating the new company’s commitment to its roots and to the region.
The new company has five projects in its portfolio in Spain at different stages of development. These will contribute to the decarbonisation of the main electricity and gas-intensive industries, such as petrochemicals, steel, mining, cement, as well as data centres that are other major energy consumers currently exploring the transition to renewable energy consumption.
Enagás Renovable and Alter Enersun have been collaborating for some time and in May submitted a joint initiative to the line for pioneering renewable hydrogen projects announced within the framework of the PERTE renewable energy programme.
This is a plant producing renewable hydrogen produced from solar photovoltaic energy, and the chemical company Industrias del Óxido de Etileno is the consumer. The provisional resolution of the call for proposals has recently been published, and the project has been granted support to be carried out.
It has also recently announced the promotion of the construction in Extremadura of a 350 MW photovoltaic solar park and a renewable hydrogen production plant with a maximum capacity of 180 MW, through a consortium formed by Enalter and Extremadura New Energies.
Collaboration between companies is key to energy transition
Enagás Renovable and Alter Enersun are convinced that the combination of renewable energies and renewable gases is at the heart of the energy transition and is the way to help in the fight against climate change. The union of both energy vectors will be key for the decarbonisation of the Spanish economy, as well as for its growth, helping to achieve greater energy competitiveness for companies.
In addition, the collaboration between businesses is crucial to effectively channel and optimise investment capability and successfully create a hydrogen ecosystem linked to renewable energy sources.
Antón Martínez, CEO of Enagás Renovable, expressed his satisfaction with this collaboration between the two companies “which allows us to advance in the promotion of renewable gas projects, providing Enalter with the capacity to offer a global response to the decarbonisation needs of energy-intensive industry.”
José Luis Morlanes, CEO of Alter Enersun, added that “this cooperation with Enagás Renovable will produce high-value and efficient solutions for industries to reduce their greenhouse gas emissions in a competitive way.”
Renewable hydrogen, key ally for decarbonisation
The production of renewable hydrogen is mainly achieved through the electrolysis of water. In this process, hydrogen is separated from oxygen by using renewable electricity. The key here is that the process is entirely powered by renewable energy, meaning no pollutants are emitted into the atmosphere. This makes it the cleanest and most sustainable hydrogen production process available.
Renewable hydrogen is a key sustainable solution for decarbonising the economy and is part of the solution to achieving climate neutrality by 2050, in line with the European Green Deal.
This renewable gas is set to be a valuable energy vector, particularly in sectors where it is the most efficient solution in the decarbonisation process. This includes hydrogen-intensive industry and industries involving high-temperature processes, long-distance heavy transport, maritime transport, rail transport, and aviation. It also has great potential as an energy carrier for energy storage and sectoral integration.