Moeve Starts €1 Billion Green Hydrogen Project In Spain

by THEFUTURE.TEAM

September 17, 2026

Spanish energy company Moeve has started construction of a green hydrogen project in Andalusia that it says will be the largest of its kind in Europe.

First Phase Exceeds €1 Billion

The first phase, known as Onuba, will begin with 300 MW of electrolysis capacity, with an option to add another 105 MW. Total investment exceeds €1 billion, including infrastructure and a photovoltaic plant for self-consumption.

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Moeve expects the project to create more than 8,000 direct jobs during development, construction and commissioning, while supporting more than 400 small and medium-sized enterprises and local self-employed workers.

Spain Expands Green Hydrogen Production

“Today we are turning the page on pilot green hydrogen projects and entering the chapter of large-scale construction,” Moeve CEO Maarten Wetselaar said.

He said Spain’s solar and wind resources and available land could support large-scale renewable power production and reduce reliance on imported energy.

Onuba is expected to produce about 45,000 tonnes of renewable hydrogen annually and avoid roughly 250,000 tonnes of CO₂ emissions each year. The output will support lower-carbon fuels for road, aviation and maritime transport, as well as other industrial processes.

EU And Spanish Support

Construction began in Palos de la Frontera on Thursday at an event attended by Spanish and European officials, including Prime Minister Pedro Sánchez and European Commission Executive Vice-President Teresa Ribera.

Moeve holds a 51% stake, Hy24 and Cofides jointly own 29%, and Enagás Renovable and Alter Enersun hold the remaining 20%.

The EU has designated Onuba a Project of Common Interest, while the project has received €304 million from Spain’s Recovery, Transformation and Resilience Plan, financed through NextGenerationEU.

Onuba Is First Phase Of 2 GW Plan

Onuba is the first phase of Moeve’s Andalusian Green Hydrogen Valley, which the company plans to expand to 2 GW of electrolysis capacity across sites in Palos de la Frontera and San Roque, Cádiz.

Moeve also plans to connect Huelva with European industrial centers through pipeline and maritime routes. Its broader Andalusian energy transition program includes €2.4 billion of planned investment, including a second-generation biofuels plant for sustainable aviation fuel and renewable diesel.

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EU Agrees On Major Overhaul Of Financial Market Supervision

by THEFUTURE.TEAM

October 9, 2026

European Union finance ministers have reached agreement on a sweeping package designed to strengthen oversight of the bloc’s financial markets, in a move aimed at reducing fragmentation and improving the flow of capital across borders.

A Push To Deepen Capital Markets

The Market Integration and Supervision Package, or MISP, would grant the European Securities and Markets Authority direct supervision over major market operators that are currently regulated by national authorities. The reforms are intended to make Europe’s capital markets more integrated, more efficient and better able to channel savings into productive investment.

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According to the Irish presidency, the package is meant to help savings and investments move more freely across the European Union, improving access to finance for companies while giving households broader opportunities to earn returns on their savings.

What The Reform Would Change

Under the new framework, ESMA would take direct oversight of key trading venues, clearing houses, securities settlement bodies and crypto-asset service providers. The package would also establish a permanent, independent executive board within the regulator, strengthening its institutional capacity.

Market operators would be able to opt into a new EU-wide operating framework. In parallel, the reforms would seek to make national supervision more consistent and update rules governing trading, transaction completion, investment management and the use of blockchain technology.

Why The Agreement Matters

Supporters of deeper capital markets argue that Europe has long paid a price for regulatory inconsistency. While many rules are harmonised across the bloc, differences in enforcement and supervision have contributed to a patchwork system that can make cross-border investment slower and more costly.

A more integrated framework, proponents say, could lower costs for companies seeking funding and broaden the menu of investment options available to savers and institutional investors alike.

Outstanding Questions Remain

Despite the broad agreement, some important details remain unresolved. Trading venues operated by Deutsche Börse, the company behind the Frankfurt stock exchange, may remain outside ESMA’s direct supervision.

Euronews previously reported that Germany had secured an exemption for Deutsche Börse’s domestically focused trading venues, leaving part of the system under regional supervision. The latest announcement did not clarify whether that arrangement will stand.

A Step Forward For The Savings And Investments Union

Dutch Finance Minister Eelco Heinen welcomed the deal, calling it a major advance for the Capital Markets Union and saying Europe had made more progress in 10 months than in the previous 10 years.

The agreement is an important milestone in the Savings and Investments Union, the EU’s broader effort to channel more of Europeans’ savings into investments that can support growth, innovation and competitiveness across the bloc.

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