Enagas will retain 70pc of its renewables unit
Hy24 takes stake in renewables arm of Spain’s Enagas
Clean hydrogen fund takes 30pc stake in Enagas Renovable in its second deal this month
Clean hydrogen investment fund Hy24 is to acquire a 30pc stake in the renewables arm of Spanish gas grid operator Enagas, which is investing €4bn ($4.53bn) in electrolyser capacity across 30 projects in Spain. Hy24, a joint venture between French asset manager Ardian and hydrogen investment firm FiveT Hydrogen, takes the stake as part of a capital increase which see Enagas retain 70pc of the renewables unit, Enagas Renovable. “We expect this joint venture to accelerate the realisation of large green power-to-hydrogen projects in Spain to help decarbonise both industry and transport sectors,” says Pierre-Etienne Franc, CEO of Hy24. “The quality of the Enagas Renovable’s team, the pipeline of
Also in this section
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
28 January 2026
The development of hydrogen’s distribution system must speed up if the industry is to stand any chance of grabbing a meaningful slice of the low-carbon energy market
14 January 2026
Continent’s governments must seize the green hydrogen opportunity by refining policies and ramping up the development of supply chains and infrastructure
