The European Commission has given the green light to Spain's state aid plan worth EUR 1.2bn, specifically designated for large-scale green hydrogen initiatives that will drive the country's energy transition. The approved scheme focuses on supporting investments in renewable hydrogen production facilities with a minimum capacity of 100 MW. Additionally, the plan aims to facilitate projects related to renewable fuels derived from hydrogen, storage of renewable hydrogen, and the production of renewable electricity. To qualify for the subsidies, projects must have secured agreements with offtakers for at least 60% of the anticipated clean production. Margrethe Vestager, the EC's executive vice president for competition policy, expressed that this substantial financial support will enable Spain to expedite the establishment of renewable hydrogen capacities in adherence to the EU Hydrogen Strategy and the European Green Deal. Moreover, the plan is expected to help Spain decrease its reliance on imported fossil fuels while ensuring minimal distortion of competition. Spain has set an ambitious target of reaching 4 GW of green hydrogen production capacity by 2030. Concurrently, the EU aims to achieve a milestone of 10 million tonnes of domestic renewable hydrogen production, complemented by another 10 million tonnes of imports within the same timeframe, signifying a collective commitment towards fostering a sustainable hydrogen economy.