Spain has increased its target for green hydrogen production capacity, setting a 2030 goal of 12 gigawatts for electrolysers used to produce green hydrogen, up from 11 GW in a previous draft. This move signals the government's confidence in the industry's potential, despite some energy giants scaling back due to high costs and uncertain demand. Spain aims to leverage its abundant sunshine and wind resources to become a key player in European green hydrogen production. The country has approved subsidies for large projects and is attracting interest from major investors. While low carbon hydrogen is crucial for decarbonizing Europe, it faces cost challenges. Spain's updated energy and climate plan, which includes the new hydrogen target, is set to be approved at a cabinet meeting. Major companies like Shell, Equinor, and Iberdrola have recently adjusted their hydrogen ambitions, with some projects being shelved or scaled back. Despite delays in submitting its energy plan to Brussels, Spain's revised strategy maintains emission reduction goals and increases targets for energy storage capacity.