July 08, 2025 [Renewables Now]- The Hydric Power joint venture, formed by Spanish renewables developer RIC Energy and oil-and-gas major Repsol SA, will not move forward with a planned green hydrogen production plant in Puertollano, central Spain, due to the project’s “technical and economic inviability,” Europa Press reported on Friday, citing sources close to the matter.

The project was to be located at the site of the former La Sevillana thermal power plant, where Hydric Power hoped to produce around 30,911 tonnes of hydrogen and 272,953 tonnes of oxygen annually through electrolysis. The green hydrogen, produced using solar power as originally planned, would have been delivered via pipeline to Repsol’s nearby refinery.

Preliminary studies and preparatory work concluded that the project could not proceed given its high costs and technological challenges, according to the report.

Despite the decision, Puertollano remains a strategic location for energy innovation projects, particularly in the field of renewable hydrogen, sources from Repsol told Europa Press. Future initiatives in the region will depend on aligning with the specific industrial needs of local businesses.