Spanish Energy Company's €8 Billion Investment in Green Hydrogen Projects
Key Ideas
  • Avalon Renovables plans to invest €8 billion in green hydrogen and derivatives projects across various provinces in Spain, creating 10,000 direct jobs over five years.
  • Projects include construction of renewable generation plants, green hydrogen, and derivatives for green ammonia, e-methanol, e-SAF, and biogas production.
  • Strategic locations like Algeciras, Cadiz Bays, and Huelva are part of the investment, aiming to produce significant amounts of green ammonia, e-methanol, and e-SAF.
  • The company is set to begin e-methanol and e-SAF production by mid-2028 and has a project portfolio of over 3.5 GW in Spain.
Spanish energy company Avalon Renovables has announced an ambitious investment plan of around €8 billion in the development of green hydrogen and derivatives projects in Spain. Spread across provinces like Jaén, Huelva, Cádiz, and Málaga, this investment will support the construction of renewable generation plants and facilities for the production of green ammonia, e-methanol, e-SAF, and biogas. Additionally, infrastructure for transport, storage, and distribution of these products will be established. The investment is expected to create 10,000 direct jobs over five years, covering various phases of project development. Avalon Renovables aims to initiate e-methanol and e-SAF production by mid-2028. The company's project portfolio in Spain exceeds 3.5 GW, with key projects like the Algeciras and Cadiz Bays project, focusing on green hydrogen production for ammonia and other derivatives. Huelva and Malaga are among the strategic locations for specific production plants. The Martos biofuel plant in Jaén is also part of the plans, set to generate jobs in construction and operations. Avalon's commitment to green hydrogen was highlighted at the Green Hydrogen Congress in Huelva, where the company presented its investment roadmap and vision for the sector.
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