The group has reached an agreement with U.S.-based Plug Power to create a 50/50 subsidiary to develop green hydrogen projects in Spain and Portugal, hydrogen produced from renewable electricity. The companies aim to achieve a 20% market share by 2030, thanks to an initially planned €2 Bn investment. Plug Power will be the preferred supplier of electrolyzer technology to the new venture, while Acciona will be the preferred supplier of clean electricity.