Pexapark has entered into a strategic partnership with Mibgas to bolster the IBHYX Iberian hydrogen price index. By offering benchmark power purchase agreement (PPA) pricing data sourced from real solar and wind deals in Spain and Portugal, Pexapark aims to enhance transparency in the green hydrogen market. This collaboration underscores the pivotal role of renewable electricity pricing in determining the cost competitiveness of green hydrogen production in the region. Despite the index's positive trajectory, highlighted by a price rise from €5.85/kg to €5.89/kg, the article cautions about the potential challenges posed by storage and distribution costs on the viability of green hydrogen. The need for competitive renewable power sources for green hydrogen production is emphasized, with insights from Jacob Roberts, Director of Business Development & Partnerships at Pexapark. While the article discusses the evolving nature of the green hydrogen market and the importance of credible pricing data, it also raises concerns regarding the overall cost-effectiveness of green hydrogen as a decarbonization tool, citing a recent paper. The article concludes by highlighting the value of the IBHYX index in meeting EU standards and providing a comprehensive understanding of the market dynamics, while also offering readers the opportunity to explore subscription packages for additional insights and content.