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HomeLatest NewsRibera presents 750 million in subsidies for the manufacturing of renewable technologies

Ribera presents 750 million in subsidies for the manufacturing of renewable technologies

Date: April 12, 2024 Time: 17:35:34

The Ministry for the Ecological Transition and the Demographic Challenge, also known as MITECO, has begun the process of providing information on the regulatory bases and a first call endowed with more than 750 million euros to promote the initial value chain in the manufacturing of renewable technologies and storage.

The third vice president of the Government and head of the ministry, Teresa Ribera, reported that the financing will be allocated to the industrial value chain program, in such a way that “the manufacturing of the capital goods that will allow us to achieve success will be produced in Spain “. “. It was during the groundbreaking ceremony for the new 2G biofuels plant that Cepsa and Bioils are going to build in Palos de la Frontera (Huelva).

“We consider that not only is it enough to change the color of molecules and electrons, but that the industry behind it is precisely the great opportunity to re-use, to modernize our productive fabric. That is why we want attention to the industrial value chain to be present in this process of change,” he added.

Endowed with funds from the Addendum to the Recovery, Transformation and Resilience Plan (PRTR), this first call for aid will encourage the production of essential equipment and components of photovoltaic panels, batteries, wind turbines, heat pumps and electrolyzers. In future calls, other areas and other value chains may be promoted, the Ministry reported.

These aid are part of the Strategic Project for the Recovery and Economic Transformation of Renewable Energy, Hydrogen and Storage (Perte ERHA) – they are part of a package of 1,000 million euros aimed at promoting the value chain – and are aimed at reinforcing Spanish strategic industrial autonomy, national energy security and the decarbonization process, in line with the policies defined by the EU.

The Institute for Energy Diversification and Saving (IDAE), dependent on the Ministry, will manage these aid, which will be granted on a competitive basis. The validity of the regulatory bases approved by this order of bases will extend from its entry into force until December 31, 2025. Given the incentive nature of the aid, only projects whose execution has not started prior to the application will be admitted. . of the help.

Taking into account the innovative nature of this aid, a public information process of the regulatory bases and the draft resolution of the first line of incentives for the renewable value chain is opened, so that until March 15, sectoral agents and The interested public may make contributions for improvement to respond to the needs that have been identified.

Specifically, in the evaluation of the proposals, different criteria will be taken into account to select the most viable projects with the greatest positive impacts, seeking efficiency in the use of public funds; strategic criteria that prioritize projects that provide a greater response to existing vulnerabilities in the value chain; social criteria such as the generation of employment and activity in the territory, as well as environmental criteria seeking to minimize the carbon footprint and maximize the use of renewable energy in production centers.

Objectives of the first call

In line with the temporary framework of State aid authorized by the European Commission, in the first call for value chain projects focused on promoting innovation and knowledge in lines of action such as electrical storage (Manufacturing of batteries and their components) will be subsidized. essential), photovoltaic solar energy (the manufacture of solar panels and their essential components). Also included is wind energy (manufacturing of wind turbines and their essential components), renewable aerothermal energy (manufacturing of heat pumps and their essential components) and renewable hydrogen (manufacturing of electrolyzers and their essential components).

Likewise, both the creation of industrial establishments for a new manufacturing activity and the expansion of the productive capacity of installation in centers that are already in operation, through the implementation of new production lines, in addition to reconversion, will be eligible for aid. . existing lines to obtain equipment and/or elements that were not previously in production at the plant.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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