The Spanish Government has selected 16 projects for its €1.2bn ($1.25bn) hydrogen valley programme, with major companies Repsol, Moeve and bp among the beneficiaries.

The Ministry for Ecological Transition has said the 16 projects will share €1.2bn of the NextGenEU funds, which will be awarded in March.

According to the subsidy ruling, projects must feature an electrolyser capacity of at least 100MW, with up to 60% of the green hydrogen output secured through pre-contract offtake agreements.

Local reports have suggested that Repsol’s 100MW electrolyser in Cartagena and 150MW facility in Tarragona have been selected. Additionally, Moeve (formally Cepsa) has obtained the acceptance of the first 400MW phase of its 2GW Andalusian Valley.

bp’s gH2 200MW plan in Castellón has been selected by the government, despite reports last September suggesting that bp and Iberdrola had scaled back their original 200MW project at the refinery after reaching FID on a 25MW plant.