Spain tightens grip on EHB green subsidies

Half of winning bidders are based in southern European country as €1b auction clears at lower-than-expected levels

Spain has strengthened its claim to be the EU’s leading green hydrogen production hub after securing just over half of the project awards in the second European Hydrogen Bank (EHB) auction of subsidies. Eight of the 15 projects selected to receive subsidies are in Spain, highlighting the cost advantages offered by renewable power in southern Europe. The winning Spanish projects total just under 900MW of electrolyser capacity. The second auction results mean Spain accounts for half of the 22 winning projects across the first two auctions held by the EHB, which is funded via the EU emissions trading system. In April, the European Commission approved a separate €400m ($455m) Spanish state aid p