Spain's Ministry for Ecological Transition and Demographic Challenge (Miteco) has unveiled a €750 million ($811.5 million) scheme aimed at enhancing the country's manufacturing capacity for renewable energy technologies. This initiative is set to support the production of electrolysers, solar panels, wind turbines, heat pumps, and batteries.
The scheme will be open to new projects as well as existing facilities looking to expand. Subsidies will be awarded through a competitive process, taking into account "economic, strategic, social, and environmental criteria," according to Miteco.
Spain is already home to several prominent hydrogen technology companies, including electrolyser manufacturers H2B2 and Ariema Enerxia, and electrode producer Matteco. This new initiative is part of a broader European effort to advance hydrogen technology. Just last week, the European Commission approved a €1.2 billion Spanish state aid program to support the development of electrolyser plants in designated hydrogen hubs.
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