Spanish energy company Avalon Renovables wants to attract €8bn ($8.3bn) of investment for green hydrogen and its derivatives in the Andalusian region.
The Madrid-based company unveiled its plans at the Green Hydrogen Congress in Huelva, Spain, announcing its goal to create over 10,000 jobs in the region by 2030.
Whilst not much has been revealed about the project, H2 View understands that Avalon plans to begin the production of hydrogen-based methanol and sustainable aviation fuels (SAFs) in 2028.
A central element of the initiative is the PBAC Project (Bays of Algeciras and Cádiz), which involves constructing a hydrogen pipeline to transport green hydrogen to one of the world’s busiest port areas, according to Avalon’s LinkedIn post.
The project is expected to contribute to Southern Spain’s ambition to establish itself as a global leader in industrial decarbonisation.
Other projects in Andalusia include’s Moeve’s (formerly Cepsa) green hydrogen valley, where it plans to develop 2GW of production capacity by 2030.
Last May, the Spanish firm selected thyssenkrupp nucera as its preferred electrolyser supplier, awarding the German supplier a basic engineering design package for a 300MW system.
Read more: Cepsa selects thyssenkrupp nucera electrolysers for €3bn Spanish hydrogen hub
Spain plans to meet 74% of industrial hydrogen demand with green hydrogen by 2030, under its National Integrated Energy and Climate Plan 2023-2030 (PNIEC). The strategy released in 2024 trebled its installed electrolyser capacity goals to 12GW.
Just last month, Prime Minister Pedro Sánchez announced that the government will launch a €1.3bn ($1.35bn) hydrogen hub funding scheme and has set aside €400m ($415.7m) for green hydrogen projects that missed out on EU funding.
Read more:Spain to launch €1.3bn hydrogen hub fund, earmarks €400m auction for EU shortfalls
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