Spain has transformed its energy mix into a European leader for renewables, with over 50% of annual electricity production coming from green sources in 2023. Wind (approx. 22-24%) and solar (approx. 14-22%) are the primary drivers, complemented by nuclear (approx. 20%) and natural gas, aiming for 81% renewable electricity by 2030.

Spain is rapidly positioning itself as a European leader in green hydrogen, aiming for 12 GW of electrolysis capacity by 2030. Driven by vast renewable resources, major projects like the €3B Andalusian Green Hydrogen Valley are underway. The strategy focuses on decarbonizing industry, supporting transport, and establishing export routes, with significant investment in infrastructure by Enagás.

Iberdrola is a major player, with three plants operating and others under construction, including partnerships with BP.

White hydrogen:  Helios Aragón is exploring a large, high-grade hydrogen reservoir in the Pyrenees region.