The Ministry for Ecological Transition and the Demographic Challenge of Spain has launched an ambitious grant program aimed at strengthening the value chain of essential equipment to move towards a net-zero emissions economy. With a budget of 750 million euros, managed through the Institute for Diversification and Energy Saving (IDAE), this initiative aims to enhance manufacturing capacity in the country of key elements such as solar panels, wind turbines, heat pumps, batteries, and electrolyzers, as well as their essential components.
This call is part of Component 31 (REPowerEU) of the Recovery, Transformation and Resilience Plan, specifically in investment 3 (C31.I3), aimed at improving the value chain of renewables and storage. Furthermore, it reinforces the Strategic Project for Economic Recovery and Transformation (PERTE) of renewable energies, renewable hydrogen, and storage (PERTE ERHA), which was part of the addendum to the Recovery Plan approved by the European Commission in October 2023.
The program is designed to support industrial projects focused on the production of the mentioned equipment and their critical components, aiming to encourage innovation along the value chain and knowledge. Five lines of action have been defined: electric storage, photovoltaic solar energy systems, wind energy, renewable heat pumps, and renewable hydrogen. These lines will offer financial assistance for the creation of new industrial facilities, the expansion of production capacities, and the conversion of existing lines for the production of these equipment.
The call is open to any legal entity, whether public or private, that meets the established requirements. The grants, coming from the addendum to the Recovery Plan, are divided into two incentive programs: 50 million euros are allocated to smaller projects, while 700 million euros are reserved for larger projects.
Interested entities must submit their applications through the IDAE’s electronic headquarters before November 6, 2024. With this initiative, Spain aims not only to strengthen its industrial ecosystem around renewable energies but also to ensure its energy security, increase competitiveness, and make significant progress in industrial decarbonization. This effort is aligned with the transformative principles of the European Union and takes advantage of a simplified notification process to the European Commission, adapting to the complex geopolitical context surrounding the energy transition today.
via: MiMub in Spanish