Firm unveils US$8bn hydrogen investment plan
10 February 2025
Spanish-based energy company Avalon Renovables plans to attract approximately €8 billion (US$8.2 billion) for the development of green hydrogen and derivatives projects in Spain.
Hydrogen pipeline (Photo: Adobe Stock)
The investment would cover the construction of renewable generation plants, green hydrogen and derivatives for the production of green ammonia, e-methanol, e-SAF and biogas plants, as well as the infrastructure necessary for the transport, storage and distribution of the final product to the projected delivery points.
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.
Spain plans to meet 74% of industrial hydrogen demand with green hydrogen by 2030, under its National Integrated Energy and Climate Plan 2023-2030.
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