Neoenergia, a key player in Brazil’s energy sector, recently presented details of its green hydrogen investments to the country’s Minister of Mines and Energy, Alexandre Silveira. The Minister visited the Puertollano power plant in Spain, Europe’s largest producer of green hydrogen, operated by Iberdrola, Neoenergia’s parent company.
Investment in an H2V power plant in Brasília
Neoenergia is investing 30 million reais in a research and development project for a green hydrogen power plant in Brasília, scheduled for 2025. Powered by a 150 kW photovoltaic plant, the facility aims to supply hydrogen for the transport sector, including buses and light vehicles. This project is part of a wider portfolio with five regional cooperation agreements for green hydrogen projects in Rio Grande do Norte, Ceará, Pernambuco, Rio Grande do Sul and Rio de Janeiro, totalling over 500 million reais in investments.
Regulatory framework and investment outlook
The approval of PL 2.308/2023 by the Federal Senate, establishing a regulatory framework for the production of green hydrogen, should reinforce legal certainty for investors. Eduardo Capelastegui, CEO of Neoenergia, believes that this legislation will facilitate the growth of this technology in Brazil, supported by the existing electricity infrastructure and renewable energy resources.
Visit to the Puertollano power plant
During the Minister’s visit to Puertollano, Capelastegui stressed the importance of Iberdrola’s expertise and technology for the development of similar projects in Brazil. The Puertollano power plant, operational since 2022, includes a 100 MW solar park and a 20 MW green hydrogen electrolysis production system, reducing dependence on natural gas for a fertilizer plant.
With a robust pipeline of renewable energy projects, Neoenergia is positioned to lead the development of green hydrogen in Brazil. Iberdrola, meanwhile, continues to make progress, with over 1,000 MW of H2V projects underway worldwide.
The collaboration between Neoenergia and Iberdrola, as well as Brazil’s new energy policies, are creating an environment conducive to investment and the development of the green hydrogen market, with energy plurality as a determining factor.