Opens in a new tab

Breaking news

Moeve Starts €1 Billion Green Hydrogen Project In Spain

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.

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.

Evel Elects New President As Maria Theocharous Takes Over For 2026–2029 Term

Maria Theocharous has been elected president of the Limassol Chamber of Commerce and Industry (Evel), taking over from Yiannis Tsouloftas for a three-year term covering 2026–2029. Theocharous previously served as the chamber’s vice-president for tourism.

The leadership transition marks a new chapter for one of Cyprus’ main regional business organisations, with the new board set to represent the district’s key economic sectors.

New Leadership Emphasises Cooperation

The chamber’s annual meeting brought together government, business and local authority representatives, including Energy, Commerce and Industry Minister Michael Damianos, Cyprus Chamber of Commerce and Industry (Keve) president Stavros Stavrou, Limassol district local government organisation president Yiannis Tsouloftas and Limassol mayor Yiannis Armeftis.

Speakers highlighted the importance of closer cooperation between public authorities and businesses in supporting Limassol’s economic development.

Representatives of the Cyprus Shipping Chamber (CSC) also congratulated Theocharous on her election and thanked the outgoing president for his cooperation. The CSC described Evel as a longstanding partner, noting the chamber’s contribution to Limassol’s business development over more than six decades.

Tsouloftas Reviews Six Years As President

In his final address, Tsouloftas reviewed the chamber’s work between 2020 and 2026, highlighting its advocacy for major infrastructure projects and efforts to address development challenges across the district.

He also outlined initiatives to remove obstacles facing local businesses, accelerate development plans and improve the conditions for economic activity.

Tsouloftas will remain involved as immediate past president, providing continuity during the transition.

New Board Covers Key Business Sectors

The new board includes representatives responsible for the chamber’s main portfolios:

  • Ilikos Charalambous, vice-president for commerce
  • Vasos Demetriades, vice-president for industry
  • Christos Nicolaou, vice-president for services
  • Nicolas Agiomamitis, vice-president for tourism
  • Ilias Theodorou, vice-president for finance
  • Demosthenes Mavrellis, vice-president for innovation and technology
  • Ilias Neocleous, honorary secretary

Other board members are Minos Agathocleous, Marios Antoniou, George Demetriou, Anastasios Kounoudis, Marios Constantinou, Xanthos Nemptsas, Antonis Pappas, Charalambos Pattichis, Chrysis Petousis, Farah Shammas, Andreas Tsouloftas and Kyriacos Hadjiathanasiou.

Costas Ioannides, Agathi Katsi, Anna Petraki, Filippos Filis and Tonis Hadjiloucas have been appointed members by distinction. The chamber also highlighted the growing participation of women in business leadership and decision-making.

Chamber Recognises Longstanding Contributions

The annual meeting also recognised businesses and individuals for their contributions, including members who have maintained continuous membership for 50 years.

Tributes were paid to three former contributors to the chamber, Tonis Antoniou, Dimi Mavropoulos and Andreas Laou, in recognition of their service.

Under Theocharous’ leadership, Evel begins its 2026–2029 term with a board covering commerce, industry, services, tourism, finance and innovation. Its priorities include continuing to represent Limassol businesses and advocating for the investment and cooperation needed to support the district’s economic growth.

Aretilaw firm
eCredo
The Future Forbes Realty Global Properties
Uol

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter