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Wednesday, May 31, 2023
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SPB advises HVR on construction and development of Madrid’s first green hydrogen plant

Squire Patton Boggs has advised HVR on the construction and development of the first green hydrogen plant in Madrid, which is located in the municipality of Coslada and aims to supply public transport companies

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The station, operated by HVR, has the capacity to produce around 70 kg of green hydrogen per day, with the capacity to refuel up to eight buses daily. In a future second expansion, it will increase this production capacity to 280 kg.

HVR Energy is a company specialised in the generation of green hydrogen from renewable energies such as solar, hydro and wind, with more than 20 years of experience in the sector.

“The implementation of this project demonstrates the technical, operational and economic viability of using green hydrogen as a fuel for the transport sector, which is constantly searching for sustainable and economically viable solutions to the global decarbonisation plan”, says Luis Suarez-Olea, chairman of the board of HVR Energy.

José María Viñals, partner at Squire Patton Boggs, highlighted that: “Spain has positioned itself as a strategic supplier of green energy. Renewables, and in particular hydrogen, are a fundamental energy source within the EU’s sustainability plans, and Spain is very well positioned as a supplier of green renewable energy.”

 The Squire Patton Boggs Madrid team included partners José María Viñals and Teresa Zueco, associate Jaime Arca and of counsel Ana Bohórquez.

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