Pipeline between Spain and France costs more than 2 billion
2022.12.09 08:09
Pipeline between Spain and France costs more than 2 billion
Budrigannews.com – Spanish Prime Minister Pedro Sanchez announced on Friday that the hydrogen pipeline that will connect eastern Spain and southern France will cost approximately 2.64 billion euros, receive half of its funding from the EU, and transport 2 million tonnes of the fuel annually.
He added that the pipeline, which should be operational by the end of the decade, will strengthen the European Union’s strategic autonomy in energy when he spoke at a summit in Alicante.
A Spanish government record on the undertaking said European Association assets from the coalition’s Interfacing Europe office ought to represent up to a portion of the funding. It demonstrated that a new 350 million euro connection between Portugal and Spain will be constructed.
According to Spanish officials, the entire hydrogen corridor connecting Spain, Portugal, and France will be referred to as H2MED. The undersea pipeline section will be referred to as BarMar.
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According to Ursula von der Leyen, president of the European Commission, the green hydrogen project is eligible for funding.
Green hydrogen, which is made with electricity from the sun and the wind, may be a crucial power source that can cut down on pollution from the steel and chemical industries, as well as long-distance heavy transport.
