Solar developer MASPV is set to partner with two Chinese companies to invest more than €1 billion ($1.4 billion) in green hydrogen projects in Spain, according to local media reports cited by H2-view.
Valencia Noticias reported that Roger Dejun, president of Shanghai Shaanyao Group, announced the partnership during the third National Green Hydrogen Congress in Huelva.
Under the arrangement, Shanghai Shaanyao Group will collaborate with fellow Chinese clean technology firm Eontsing to provide technical expertise, while MASPV will contribute its experience in Spain’s energy sector.
Speaking about operations planned for 2026, Dejun praised Spain’s regulatory environment, industrial strength, and institutional support, describing them as favourable for green hydrogen development.
“Through MASPV, we have been able to analyse specific and advanced projects, allowing us to evaluate investment opportunities with a clear, long-term vision,” he said.
Further details, including project locations, production capacity, and timelines, have not been disclosed.
MASPV, headquartered in Madrid, develops solar energy projects and says it has more than 500 MW of installed capacity worldwide. Its chief executive, Ángel Luis Serrano, said the partnership would create a, strong platform combining development, technology, and financial resources for projects in Spain.
Spain has been positioning itself as a key destination for green energy investment due to its strategic location and strong wind and solar resources.
In 2024, the Spanish government announced plans for green hydrogen to meet 74% of the country’s industrial hydrogen demand by 2030 and increased its installed electrolyser capacity target to 12 GW.
Spain has taken a more open approach to Chinese participation in green hydrogen compared with some other European Union countries, where concerns have been raised about protecting domestic industry.
Chinese companies Hygreen Energy and Envision have also announced plans to establish several gigawatts of electrolyser manufacturing capacity in the Andalusia region, along with related project developments.
