These are two lithium battery and electrolyser plants that will invest 152.4 million euros and create 1,500 jobs.
The Governing Council has approved, at the request of the Regional Ministry of Economy, Finance and European Funds, the declaration as a business investment of strategic interest for Andalusia of two industrial projects linked to renewable energies that will be located in Humilladero (Malaga) and which will involve an initial investment estimated at more than 152.4 million euros.
Specifically, the Hygreen project, which has already been approved by the Andalusian Regional Government’s Delegate Commission for Economic Affairs, consists of the construction of a plant for the production of advanced electrolysers for industrial use, which will be used to generate green hydrogen by means of electrolysis, taking advantage of renewable energy sources.
Promoted by Hygreen Energy Developments, S.L.U. in the municipality of Humilladero, it has a planned investment of 78,049,865 euro and is expected to generate 168 direct jobs in the operating phase, with a projection of 500 direct jobs once the plant reaches full operational capacity, approximately five years after its commencement.
The second project declared to be of strategic interest is the construction of Europe’s largest plant for the production of biofuels. The second project declared to be of strategic interest is the construction of the largest lithium battery production plant in Europe. Developed by Andalusia Sermatec Energy in the Humilladero New Technologies Park, it will be a factory for the production of advanced electrical energy storage systems based on LFP (lithium iron phosphate) technology, with an annual production capacity of 5 GWh.
The plant has a planned investment of 74,381,977 euros and is expected to generate 188 direct jobs in the operating phase, with a projection of 1,000 direct jobs once the plant reaches full operational capacity, approximately five years after its start-up.
The declaration as a project of strategic interest for Andalusia will expire on 31 December 2027, in accordance with the planning and execution schedule submitted. The Delegate Commission for Economic Affairs, after considering the mandatory reports from the various departments, all of which were favourable, considered that both initiatives meet the necessary requirements to be declared a project of strategic interest for Andalusia, in accordance with Decree Law 4/2019 for the promotion of economic initiatives by streamlining and simplifying the administrative processing of projects and their declaration of strategic interest for Andalusia, for the creation of a Project Accelerator Unit (UAP).
Photo of Hygreen Energy
Press release ( translated from Spanish by Deepl)https://tinyurl.com/32j3rucn
