A proposal to introduce a permanent windfall tax on banks and energy firms in Spain, which had stirred tensions and led to threats of halting green hydrogen projects, has been abandoned. Initially extended by the Spanish Government for 12 months, the tax aimed to alleviate the impact of inflation by subsidizing fuel and public transport. Following concerns raised by companies like Repsol and Cepsa (now Moeve), who had paused their green hydrogen initiatives, the decision to extend the tax permanently was reexamined. Fortunately, the tax will now only continue on banks for another three years, providing relief to energy firms investing in green hydrogen. Repsol's CEO expressed contentment with the withdrawal of the tax proposal, highlighting the newfound focus on future industrial ventures in Spain. This development signals a positive outlook for the resumption of green hydrogen investments that were previously hindered by regulatory uncertainties. Both Repsol and Moeve can now reassess their planned green hydrogen projects in Spain with the regulatory obstacles removed, paving the way for a renewed commitment to sustainable energy initiatives in the country.