Spain's govt to approve on Tuesday green hydrogen projects regulation in Spain

MADRID (Reuters) - Spanish Prime Minister Pedro Sanchez said on Monday his cabinet will approve on Tuesday a new decree to regulate the first four out of 11 green hydrogen projects to be carried out in the country.

In a speech in Madrid, Sanchez said his government will approve a 74 million-euro ($79.12 million) initial subsidy for those projects.

The Prime Minister stressed that as much as 20% of the world's green hydrogen projects are located in Spain.

($1 = 0.9353 euros)

(Reporting by Inti Landauro, editing by Charlie Devereux)