state aid

Spain Advances in Green Hydrogen Race with EU's Approval of Major State Aid

Spain’s ambition to become a leading producer of 'green' hydrogen, a crucial element in Europe's transition away from fossil fuels, has taken a significant step forward. The European Union has approved substantial state aid to support this initiative.

The European Commission has sanctioned €1.2 billion in government support for Spain’s emerging renewable hydrogen industry. This approval reinforces Spain’s goal of becoming a key player in the production of this environmentally friendly fuel.