Israeli group Doral Hydrogen, already active with a 2 GW RES portfolio in five European countries – Poland, Romania, Denmark, Italy, and Bulgaria – announces the signing of a framework agreement with Dutch family-office Green Solar International group for the development of ground-mounted photovoltaic projects coupled with green hydrogen and/or green ammonia in Spain.
Doral Energy Group enters Spanish renewable energy market with Green Solar International
16
May
With several projects already in the feasibility phase, located in the northern parts of Spain close to the industrial area and port of Bilbao as well as existing and planned gas pipeline infrastructure, the company is looking to develop two main hubs servicing industrial and mobility partners with integrated renewable energy solutions. At present, the capital investment in planned projects would be in the € 500-900 million range depending on the final layout and off-taking and will create up to 200 staff peak during construction as well as 30 - 50 additional jobs during the operating phase.
“I am thrilled to announce our entry into Spain, one of the most promising and largest markets for renewableenergy in Europe. There is already a strong demand for green hydrogen, with a keen interest from local investorsand for further export into Europe.” states Yaki Noyman, CEO of Doral Group Renewable Energy Resources Ltd.
As the project developer, Green Solar International is coordinating the development up to the so-called Ready-to-Build status, expected to take place in early 2026.
GSI Ibérica Managing Director Daniel Nilsson comments: “We strongly believe that this newly forged partnership has the potential to unlock new opportunities and spur growth within the green energy sector. This project will be the first large scale solar hydrogen project in Spain. With grid capacity constraints and increasing solar energy curtailment, green hydrogen projects are one of the various interesting market verticals in Spain. GSI and Doral's collaboration seeks to introduce groundbreaking solutions to the market and foster a sustainable future for future generations.”
The full financial details of the deal have not yet been disclosed.