Wood has played a key role in securing more than €1 billion of funding for its clients in Europe, enabling three major clean energy projects to reach final investment decisions (FID).
Wood is also acting as owner's engineer for the Catalina green hydrogen project, a first-of-its-kind project in Spain.
The project was recently announced as a recipient of the European Hydrogen Bank’s first auction, receiving €230 million in funding. Catalina will combine 1.5 gigawatts (GW) of wind and solar energy to power a 500-MW electrolyser producing green hydrogen.
Azad Hessamodini, executive president for Consulting at Wood said: “To profoundly transform and accelerate the diversification of the world’s energy mix, significant capital investment is required. Our consultants and technical advisors are skilled at supporting our clients in assessing the critical factors, such as technical and commercial feasibility including market returns, that enable final investment decisions, and I’m proud of the impact we’re making.”
Europe is paving the way for the advancement of renewable energy projects with a total offshore wind capacity of 25 GW across the EU.
Having worked on over 70% of these projects, Wood is sitting at the forefront of advancing the region’s clean energy agenda.
Wood Consulting drives over €1 billion in clean energy investment across Europe
