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Spain increases green hydrogen goal, sets 12 GW capacity by 2030

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MADRID (Reuters) – Spain has increased its target for green hydrogen production capacity as part of a broader upgrade of its energy and climate ambitions, according to an Energy Ministry document published on Monday.

The update of the government’s strategy set a 2030 target of 12 gigawatts (GW) for electrolysers, which would be used to make green hydrogen, up from 11 GW in a draft update presented last year.

The government is expected to approve the update of its national energy and climate plan at a cabinet meeting on Tuesday.

The plan is a key roadmap for companies to plan investments, as it establishes targets for energy efficiency and renewables, among others.

Spain is vying to be a leader in Europe in green hydrogen – which means the gas is produced using renewable electricity – by taking advantage of its bountiful sunshine and wind to produce clean energy.

Like most European peers, Madrid missed an end-of-June deadline to submit its plan to Brussels.

(Reporting by Pietro Lombardi, editing by Inti Landauro and Alistair Bell)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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