Prime Minister Pedro Sánchez announced in Congress the launch of four aid programs totalling €2.3 billion aimed at accelerating Spain's energy transition. Funded through the EU's Recovery, Transformation, and Resilience Plan, these programs will be managed by the Institute for Energy Diversification and Savings (IDAE).
The largest portion, €1.2 billion, will support renewable hydrogen production and consumption projects within hydrogen clusters or valleys, which have been progressing slower than anticipated. This funding builds on previous investments, including €300 million for pioneering projects, €230 million for value chain projects, and €794 million for strategic IPCEI projects.
An additional €750 million will target the renewable energy value chain, fostering the development of green energy equipment and components. This initiative aims to boost technological and industrial capacities in solar and wind energy, heat pumps, batteries, and electrolysers for renewable hydrogen.
Moreover, €250 million will fund innovative renewable energy projects, storage solutions, and renewable thermal systems in agriculture, infrastructure, and residential areas. The ministry highlights projects like agrovoltaics, collective self-consumption, and heat pumps to replace fossil air conditioning systems.
Finally, €120 million will be allocated for unique pilot projects in energy communities, promoting collective energy initiatives.
Sánchez emphasised the strategic use of European funds to modernise traditional industries and attract new green and digital factories and services. He cited examples such as the electric battery factory in Navalmoral de la Mata, the electric vehicle components plant in Motilla del Palancar, and the Semidynamics Technology Services plant in Barcelona.
