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Home - Solar Industry - Spain announces a €750 million incentive program for clean technology production
Solar Industry

Spain announces a €750 million incentive program for clean technology production

solarenergyBy solarenergyMay 3, 2024No Comments2 Mins Read
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The Spanish government has submitted a new incentive scheme to a public consultation. It is designed to support the development of a clean technology supply chain in the country, including battery production.

February 27, 2024 Pilar Sanchez Molina

Spanish Minister of Ecology Teresa Ribera

Image: Spanish Ministry of Ecological Transition

By pv magazine Spain

Spain’s ecological transition minister, Teresa Ribera, said this week that the government has submitted a new stimulus program to public consultation. It is designed to support the development of a clean energy technology supply chain in the country.

Authorities launched the project for the first call for subsidies for the production of equipment for the energy transition, with a budget of €750 million ($813.8 million), Ribera said.

“Let us remember that it is not enough just to change the color of the molecules or electrons; the industries that have been abandoned, the services that have been abandoned, are actually the great opportunity to reindustrialize and modernize our productive industry,” she said.

Backed by funds from the Recovery, Transformation and Resilience Plan (PRTR), the plan is expected to support the production of equipment and essential components of photovoltaic panels, batteries, wind turbines, heat pumps and electrolyzers.

pv magazine print edition

The February edition of pv magazine considers the implications of Dubai’s COP28 climate change summit for solar energy and questions where the workers will come from to staff the energy transition. A busy edition also reaches as far as Bulgaria, the South Caucasus, Cyprus, South Africa, Poland and Navajo Nation in search of sun updates.

See also  Trump Hertelt Defense Production Act support for solar production - PV Magazine International

The Institute for Diversificación y Ahorro de la Energía (IDAE) will manage the funds, which will be implemented under a competitive regime.

This content is copyrighted and may not be reused. If you would like to collaborate with us and reuse some of our content, please contact: editors@pv-magazine.com.

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