The Government will launch two new calls next week for the Strategic Project for Economic Recovery and Transformation (Perte) to promote ‘green’ energies with aid of €400 million to boost renewable hydrogen.
At the presentation ceremony at the Repsol Campus for the Shyne project, the Secretary of State for Energy, Sara Aagesen, indicated that this aid will be allocated to pioneering projects and to boost the value chain of this technology.
Renewable hydrogen has become a basic pillar within the country’s project for Spain. In fact, the Government launched a roadmap with the aim of being a leader in this technology, which establishes, among others, the objective of reaching 4 gigawatts (GW) of production capacity in 2030, 10% of the EU total.
The quantity and quality of renewable resources give the country a competitive advantage in the development of renewable hydrogen, with the aim of becoming an international hub for this technology.
Such is the priority role that the Government has granted it that it will be the element of the Perte to promote ‘green’ energies that receives the most support, with a total of €1,555 million, which is estimated to mobilize another €2,800 million of private capital.
This will total €4,355 million, just over a quarter of the €16,300 million that the Executive intends to mobilize with this Perte for renewables.
