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SPAIN · EPC INDUSTRIAL PLANT

Técnicas Reunidas TRE + Iberdrola IBE + Sener + Acciona Energía ANE (IPO 1 Jul 2021 EUR 2.7 bn) + Duro Felguera MDF + Repsol REP, Iberdrola Puertollano 20 MW H2 13 May 2022 + PERTE ERHA EUR 16.37 bn.

Spanish EPC industrial-plant workforce against Técnicas Reunidas S.A. (IBEX 35 ticker TRE; lead Spanish refinery / petchem / hydrogen EPC contractor; consistently posts >EUR 2 bn Spanish/MENA EPC awards annually), Iberdrola S.A. (IBEX 35 ticker IBE; owner-operator developing green-H2 + renewables EPC via Iberdrola Renovables), Sener Ingeniería y Sistemas S.A. (private unlisted; Spanish engineering house active in nuclear + hydrogen + aerospace), Acciona Energía S.A. (IBEX 35 ticker ANE; carve-out IPO from Acciona 1 July 2021 EUR 2.7 bn at EUR 26.73/share — Spain's largest IPO since 2015; renewables EPC / O&M), Duro Felguera S.A. (BME Mercado Continuo MDF; EPC refinery + power + industrial; SEPI state holding capital injection approved 2022), and Repsol S.A. (IBEX 35 ticker REP; owner-operator for refinery turnarounds — Cartagena + Petronor Bilbao + Tarragona + Puertollano + A Coruña) — Iberdrola Puertollano green-hydrogen plant (20 MW electrolyser + 100 MW solar PV + 5 MWh battery; inaugurated 13 May 2022 by King Felipe VI; officially Europe's largest at commissioning) + PERTE ERHA Energías Renovables Hidrógeno Renovable y Almacenamiento (total mobilisation envelope circa EUR 16.37 bn through 2030; Plan de Recuperación approved Council of Ministers 14 December 2021 updated 2023) + Técnicas Reunidas refinery + petchem awards (>EUR 2 bn Spanish/MENA annual) + Cartagena Repsol refinery (Repsol announced 2022 EUR 200 m advanced biofuels plant HVO/SAF). Ley 9/2017 LCSP (state-tendered scope; less common in private EPC) + Ley 31/1995 Prevención de Riesgos Laborales + RD 681/2003 for ATEX explosive-atmosphere zones in refinery/petchem + RD 840/2015 transposing Seveso III for major-accident hazards + CSN Consejo de Seguridad Nuclear for nuclear plant works (Almaraz + Ascó + Vandellós + Cofrentes + Trillo) + Ley 45/1999 + RD-Ley 7/2021 for cross-border EPC labour + TGSS A1 + ITSS notification + Convenio Colectivo de la Industria Química for petchem/H2 workers (not construction CGSC).

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Iberdrola Puertollano 20 MW H2 13 May 2022 King Felipe VI
PERTE ERHA EUR 16.37 bn 14 Dec 2021 Council of Ministers
Acciona Energía ANE 1 Jul 2021 EUR 2.7 bn IPO largest since 2015
Repsol Cartagena EUR 200 m HVO/SAF 2022 biofuels

Regulator exposure profile

  • RD 681/2003 ATEX + RD 840/2015 Seveso26%
  • CSN Consejo Seguridad Nuclear24%
  • Estatuto ET Art. 42 + LISOS28%
  • Convenio Industria Química + TPC22%

Named projects in this jurisdiction

  • Iberdrola Puertollano green-hydrogen plant (20 MW electrolyser + 100 MW solar PV + 5 MWh battery; inaugurated 13 May 2022 by King Felipe VI; officially Europe's largest at commissioning; source Iberdrola corporate press release 13/05/2022) Iberdrola (IBE) 2022
  • PERTE ERHA Energías Renovables Hidrógeno Renovable y Almacenamiento (total mobilisation envelope circa EUR 16.37 bn through 2030; Plan de Recuperación approved Council of Ministers 14 December 2021 updated 2023) Council of Ministers + planderecuperacion.gob.es 2021
  • Técnicas Reunidas refinery + petchem awards (TRE consistently posts >EUR 2 bn Spanish/MENA EPC awards annually per CNMV Hechos Relevantes filings) + Cartagena Repsol refinery (Repsol 2022 EUR 200 m advanced biofuels plant HVO/SAF civil/E&I scope contracted across Spanish EPCs) TRE + Repsol (REP) 2022
  • Técnicas Reunidas S.A. (IBEX 35 TRE) + Iberdrola S.A. (IBEX 35 IBE) + Sener Ingeniería y Sistemas (private) + Acciona Energía S.A. (IBEX 35 ANE; IPO 1 July 2021 EUR 2.7 bn EUR 26.73/share — Spain's largest IPO since 2015) + Duro Felguera S.A. (BME Mercado Continuo MDF; SEPI 2022 capital injection) + Repsol S.A. (IBEX 35 REP) TRE + IBE + Sener + ANE + MDF + REP

Spanish EPC: TRE (IBEX 35; >EUR 2 bn annual), Iberdrola (IBE; Puertollano 20 MW H2 13 May 2022), Sener (private), Acciona Energía (ANE; IPO 1 Jul 2021 EUR 2.7 bn), Duro Felguera (MDF; SEPI 2022), Repsol (REP; Cartagena EUR 200 m biofuels 2022). PERTE ERHA EUR 16.37 bn through 2030. RD 681/2003 ATEX + RD 840/2015 Seveso III + CSN + Industria Química CBA govern.

01. Pre-pricing — Convenio Industria Química + Ley 31/1995

EPC petchem/H2/refinery scope under Convenio Colectivo Industria Química. Civil scope under VI CGSC + FLC. Ley 31/1995 Prevención de Riesgos Laborales baseline.

02. A1 + TGSS + ATEX/Seveso pre-deployment

TGSS-issued A1 portable document. RD 681/2003 ATEX + RD 840/2015 Seveso III per Zone-classified worker. CSN clearance per nuclear plant worker.

03. ITSS + CSN + REA onboarding

ITSS Inspección de Trabajo enforcement check. CSN per nuclear plant. REA registration. Sponsor TGSS for non-EEA worker.

04. ITSS + TGSS-defensible evidence pack

Minimum pack: Spain-bank-traceable remuneration, Spanish-language contract, A1 receipt, Convenio Industria Química reconciliation, ATEX RD 681/2003 + CSN attestation per worker, UNE-EN ISO 9606-1 + PED Cat II-IV NB cert.

05. India and Gulf sourcing corridors — the Spain EPC pathway

Indian Larsen & Toubro Heavy Engineering + Gulf ADNOC/ARAMCO/Saipem pools route through Ley 9/2017 LCSP + Convenio Industria Química + UNE-EN ISO 9606-1 + ATEX + CSN audit-grade chain-of-custody against TRE, IBE, Sener, ANE, MDF, or Repsol EPC scopes.

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