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european-commission-approves-e220m-grant-to-support-cobras-green-hydrogen-projects
european-commission-approves-e220m-grant-to-support-cobras-green-hydrogen-projects

European Commission approves €220m grant to support Cobra’s green hydrogen projects

The European Commission has approved a €220m grant to support Cobra Instalaciones y Servicios in the production of renewable hydrogen under EU State aid rules.

The measure contributes to the EU Hydrogen Strategy and the European Green Deal targets, while helping reduce dependence on Russian fossil fuels and fast forward the green transition in line with the REPowerEU Plan.

Today’s decision follows approvals in July and September of two Important Projects of Common European Interest (IPCEI, ‘Hy2Tech’ and ‘Hy2Use’) in the hydrogen value chain.

Cobra’s project was selected by Spain in the context of an open call to form part of an IPCEI on hydrogen technologies and systems, which resulted in the two approved IPCEIs. However, given its characteristics and objectives, it was better suited for assessment under the Guidelines on State aid for climate, environmental protection and energy 2022.

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