Spain's parliament recently rejected several decrees, including the extension of a windfall tax on energy companies, allowing Moeve, the country's second-largest oil company, to proceed with its green hydrogen project. This decision provides the needed regulatory certainty for Moeve to initiate the construction of its flagship green hydrogen project in Spain. Maarten Wetselaar, the company's chief executive, highlighted that the end of the windfall tax issue would spur industry investments. Moeve is poised to invest 8 billion euros in transitioning to low carbon energy solutions, particularly green hydrogen, biofuels, and electric mobility. The green hydrogen project in Huelva aims to produce 2GW of green hydrogen by 2030, aligning with the European Commission's targets for renewable hydrogen production. This initiative is crucial in reducing Europe's dependency on Russian energy imports. Maarten Wetselaar is enthusiastic about the project's future, aiming to start construction this year and lead the industry by establishing the first 400 MW plant by 2027. Moeve's strategic shift towards sustainable activities reflects a broader commitment to profitability through green energy initiatives by the end of the decade. The company's investment plans emphasize the importance of focusing on green hydrogen production to meet the growing demand for sustainable energy solutions in Europe.