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Repsol Bilbao refinery

FID✓ Source-checked

Repsol / Petronor

Project Overview

Country
Spain
Region
País Vasco
Capacity
100 MW
Technology
Alkaline Electrolysis
Investment · scope not declared (EUR)
€292M

≈ $315M, converted at EUR_TO_USD = 1.08, fixed on 1 Jun 2026

Subsidy Status
—

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Development Timeline

Announced—
FID2026
Construction—
Operational2029planned date

Readiness Score

36/ 100
Developing

Weighted checklist of public info. Not a prediction of success.

Development

✓Final Investment Decision(implied)+15
✓EPC Contract signed(implied)+10
✓Permits obtained(implied)+8
✗Grid connection secured+7

Commercial

✗Binding offtake agreement+15
✗MOU / offtake letter of intent+5
✗Confirmed price / tariff+5
✗Applied to government program+5

Financing

✗Project finance / debt secured+10
–Subsidy (not recorded)+0

Track Record

✗Developer has completed H2 project+5
✓Developer has completed RE project+3
✓Developer has energy experience+2
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