Repsol, the multi-energy company, leading the mobility and industrial sector in the Iberian Peninsula, and EDP, through its subsidiary EDP Renewables (EDPR), the fourth largest producer of renewable energy in the world, are set to work together to assess new investment opportunities in renewable hydrogen projects across the Iberian Peninsula. The memorandum of understanding - signed by the Chief Executive Officers of the two companies, Josu Jon Imaz and Miguel Stilwell d’Andrade, at the Spanish Embassy in Lisbon this week - marks the beginning of talks between the two parties to implement renewable energy projects in the Iberian Peninsula. 

The agreement recognizes three potential projects for further assessment, two in Spain and one in Portu-gal. One of the two projects in Spain, headed by EDP, is the Aboño project, which aims to create a 'Hy-drogen Valley' in Asturias - one of the mainstays of the energy transition plan designed for this region. Repsol leads the project in the Basque Country, also with a large-scale electrolyzer, as part of the 'Basque Hydrogen Corridor' project. 

In Portugal, the plan is to exploit renewable hydrogen production in Sines, taking advantage of the com-plementarity between Repsol's operations at the same location through its industrial complex - as a po-tential renewable gas user - and EDP's role as an energy supplier. 

In identifying these initial projects, the two companies are ramping up their interest in exploring synergies for the management and operation of renewable hydrogen projects in the Iberian Peninsula, in a period of energy transition in which collaboration, not only between companies, but also between the public and private sectors, will be decisive.