Spain has raised its target for green hydrogen production capacity, aiming for 12 gigawatts (GW) by 2030, up from 11 GW set in a previous draft. This decision reflects the government's confidence in the industry despite challenges faced by energy giants due to high costs and uncertain demand. The updated national energy and climate plan, which includes this new target, is set to be approved at a cabinet meeting. Spain, with its abundant sunshine and wind resources, is striving to become a leading producer of green hydrogen in Europe. The country has approved subsidies for large projects and is attracting interest from significant investors like Hygreen Energy and China's Envision Group. In contrast, some major energy companies in the region have cut back on low carbon hydrogen projects due to various challenges. Although the industry heavily relies on subsidies, green hydrogen is considered crucial for decarbonizing Europe's economy in the future. Despite delays in plan submissions to Brussels, Spain's updated strategy maintains key objectives, such as a 32% emission reduction goal. Additionally, there is a shift in targets for energy storage capacity. The government's continued focus on renewable energy and its commitment to green hydrogen production indicate a positive outlook for the industry's growth and development in Spain.