Spain raises its green hydrogen target

Southern European country looks to leverage its renewable power resources, but its hydrogen project developers face a challenging demand outlook

Spain has increased its 2030 target for green hydrogen production capacity as it looks to tap its vast renewable power potential and position itself as a key supplier to northwest Europe. In its final national energy and climate plan, approved at the end of September, the government raised the 2030 target to 12GW, up from 11GW in a previous draft of the document and three times the 2021 target. The higher target is a positive sign for the development of hydrogen production in Spain, which has emerged as one of the continent’s most competitive locations, thanks to its solar and wind power generation. The country also benefits from ample land availability, a reliable power grid, a high concent