Neoenergia is investing 30 million reais in a green hydrogen power plant in Brasília, set for completion by 2025, part of projects exceeding 500 million reais.
Neoenergia, a significant player in Brazil’s energy sector, recently briefed Minister of Mines and Energy Alexandre Silveira on its green hydrogen initiatives. The minister visited Puertollano power plant in Spain, Europe’s largest green hydrogen producer, operated by Iberdrola, Neoenergia’s parent company.
Investment in 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, it aims to supply hydrogen for transport, including buses and light vehicles. This project is part of a broader 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, totaling over 500 million reais in investments.
Regulatory Framework and Investment Outlook
Federal Senate approval of PL 2.308/2023, establishing a regulatory framework for green hydrogen production, is expected to enhance legal certainty for investors. Neoenergia CEO Eduardo Capelastegui believes this legislation will foster technology growth in Brazil, leveraging existing electricity infrastructure and renewable resources.
Visit to Puertollano Power Plant
During the minister’s visit to Puertollano, Capelastegui emphasized Iberdrola’s expertise and technology for similar projects in Brazil. Operational since 2022, the Puertollano plant includes a 100 MW solar park and a 20 MW green hydrogen electrolysis system, reducing natural gas dependency for a fertilizer plant.
With a robust pipeline of renewable energy projects, Neoenergia is poised to lead Brazil’s green hydrogen development. Iberdrola, advancing over 1,000 MW of H2V projects globally, continues to progress.
Collaboration between Neoenergia and Iberdrola, alongside Brazil’s new energy policies, fosters an investment-friendly environment and supports the green hydrogen market, prioritizing energy diversity.