• These two projects, located in Villamartin and Puerto Serrano, have a combined capacity of 350 MW, which represents almost 40% of the power awarded to the eight Spanish projects recognized in the auction.
• With these two key projects, Avalon Renovables contributes to the consolidation of Cadiz as a hub for the production of sustainable fuels and industrial applications, promoting Spain as a European leader in this new energy vector.
• The European Climate, Infrastructure and Environment Executive Agency (CINEA) evaluated more than 61 projects to award a total of EUR 992 million in green hydrogen production grants to 15 selected projects in four countries.
  selected in four countries. It is estimated that the plants will produce around 2.2 million tons of renewable hydrogen over 10 years, avoiding 15 million tons of CO2.

Madrid, May 27, 2025. Avalon Renovables has obtained 37.4 million euros in European funding for two key projects in Cadiz: Villamartin H2 and Puerto Serrano H2. The company has received the confirmation from the European Commission following an auction by the European Hydrogen Bank with the aim of accelerating the deployment of green hydrogen in the European Union.

The European Commission was in charge of announcing the result of the second auction of the European Hydrogen Bank, which will grant a total of 292.2 million euros in aid for the production of green hydrogen to 8 projects in Spain, confirming its leading role in the European promotion of this new energy vector. The funding obtained by Avalon Renovables will be distributed between the Villamartin H2 project, with 25.1 million euros, and Puerto Serrano H2, with 12.3 million, both strategically located in the province of Cadiz, and which will feed one of the main focuses of Avalon Renovables: the Algeciras and Cadiz Bays Project.

These projects will be executed by Galena Renovables 6 and 7, companies that are part of Avalon Renovables, and which will drive the company's key projects in the Bays of Cadiz and Algeciras. With an expected generation of 800,000 tons of green ammonia per year, this pioneering project in Spain is aimed at large-scale production in the vicinity of the Port of Algeciras, and will serve to supply sectors that are difficult to decarbonize, such as the maritime, fertilizer, chemical and energy industries.

Alberto Rabanal, CEO of Avalon Renovables, points out that "this achievement is a step forward in our mission to lead the energy transition towards a more sustainable future because it allows us to significantly advance in the production of green hydrogen". This grant, Rabanal adds, is "an endorsement of Avalon Renovables' roadmap, especially in a key region such as Cadiz and Algeciras, which will enable Spain to spearhead industrial decarbonization".

Avalon Renovables expects this grant from the European Climate, Infrastructure and Environment Executive Agency (CINEA) to be a turning point for the deployment and development of green hydrogen in Spain and throughout the European Union.

From Andalusia to the world

The Spanish energy company, a reference in Andalusia specialized in the development and construction of large-scale green hydrogen and derivatives projects, has a wide portfolio of projects under development in the region: renewable generation plants, green hydrogen and derivatives for the production of green ammonia, e-methanol and e-SAF, biogas plants, as well as the necessary infrastructure for the transportation, storage and distribution of the final product to the projected delivery points.

Avalon Renovables currently has a portfolio of projects exceeding 3 GW of green hydrogen in Spain, including one of the most strategically relevant projects for Andalusia, such as the PBAC project, Proyecto Bahías de Algeciras y Cádiz, which contemplates the construction of a dedicated point-to-point hydroproduct that will supply the Bay of Algeciras with green hydrogen for the production of 800,000 tons of green ammonia per year, to meet the high demand for sustainable fuels expected in one of the areas with the highest maritime traffic in the world, the Bay of Algeciras, where more than 1,000 tons of green ammonia per year are expected to be produced.000 tons per year of green ammonia, to meet the high demand for sustainable fuels expected in one of the port areas with the highest maritime traffic in the world, the Bay of Algeciras, where more than 100,000 ships per year pass through for refueling.