Spain's second-largest oil company, Moeve, is set to commence work on its green hydrogen project following Spain's parliament's decision not to extend an energy windfall tax. This regulatory clarity has paved the way for Moeve to begin constructing the flagship green hydrogen plant in Huelva this year. Despite previous concerns over tax levels hindering the industry, Moeve's Chief Executive, Maarten Wetselaar, is optimistic about kick-starting the industry and maintaining their goal of producing 2 gigawatts of green hydrogen by 2030. The company plans to invest up to 8 billion euros in transitioning to low carbon energy, with a strong focus on sustainable activities like green hydrogen, biofuels, and electric mobility. Moeve's commitment to sustainable practices aligns with the European Commission's targets to produce renewable hydrogen, contributing to reducing dependence on Russian energy imports. The company's vision emphasizes the south of Spain as an ideal location for green hydrogen production. This development showcases Moeve's dedication to embracing green initiatives and its proactive approach towards a sustainable future.