Avalon Renovables Unveils Ambitious €8bn Green Hydrogen Investment Plan in Andalusia
Key Ideas
  • Spanish energy company Avalon Renovables aims to attract €8bn investment for green hydrogen and derivatives in Andalusia, creating over 10,000 jobs by 2030.
  • The PBAC Project in the Bays of Algeciras and Cádiz will involve constructing a hydrogen pipeline to one of the world's busiest port areas, contributing to Southern Spain's industrial decarbonisation goal.
  • Spain's National Integrated Energy and Climate Plan 2023-2030 targets meeting 74% of industrial hydrogen demand with green hydrogen by 2030, with plans to triple installed electrolyser capacity goals to 12GW.
  • The Spanish government has announced a €1.3bn hydrogen hub funding scheme and allocated €400m for green hydrogen projects to support the energy transition.
Spanish energy company Avalon Renovables has revealed its ambitious plans to secure €8bn of investment for green hydrogen and its derivatives in the Andalusian region. The company aims to create over 10,000 jobs by 2030, with a focus on producing hydrogen-based methanol and sustainable aviation fuels starting in 2028. A key element of this initiative is the PBAC Project, which involves building a hydrogen pipeline to transport green hydrogen to the port areas of Algeciras and Cádiz, contributing to the region's industrial decarbonisation efforts. This project aligns with Spain's goal of meeting 74% of industrial hydrogen demand with green hydrogen by 2030, as outlined in the National Integrated Energy and Climate Plan 2023-2030. Additionally, the Spanish government has announced significant support for hydrogen initiatives, including a €1.3bn funding scheme for hydrogen hubs and earmarking €400m for green hydrogen projects. These developments highlight a positive momentum towards green hydrogen adoption and sustainable energy practices in Spain.
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