Avalon Renovables' Ambitious Plans for Green Hydrogen Projects in Spain
Key Ideas
- Avalon Renovables aims to attract €8 billion for green hydrogen and derivatives projects in Spain.
- The investment will cover renewable generation plants, green hydrogen production for various derivatives, and associated infrastructure.
- Their goal is to create over 10,000 jobs by 2030 and align with Spain's plan to meet 74% of industrial hydrogen demand with green hydrogen by 2030.
Avalon Renovables, a Spanish-based energy company, has announced plans to secure approximately €8 billion for the development of green hydrogen and derivatives projects in Spain. The investment will encompass the construction of renewable generation plants, green hydrogen production for the manufacturing of green ammonia, e-methanol, e-SAF, and biogas plants. Additionally, it will include the necessary infrastructure for the transportation, storage, and distribution of the final products to designated delivery points. This initiative was presented at the Green Hydrogen Congress in Huelva, Spain, with the company aiming to generate over 10,000 employment opportunities in the region by 2030. The venture aligns with Spain's strategic objective to fulfill 74% of its industrial hydrogen demand using green hydrogen by 2030, as outlined in the National Integrated Energy and Climate Plan for the period 2023-2030. Avalon Renovables' ambitious plans signify a major commitment to advancing green energy solutions, fostering sustainability, and creating substantial economic growth and employment prospects in Spain.