A new regulatory basis has been published by the Spanish Ministry of Ecological Transition (MITECO) for a €750m incentive scheme for manufacturing renewables and energy storage.
Spain’s recovery and resilience plan (PRTR) will provide funds, aimed at incentivising manufacturers to make materials and equipment for solar panels, and batteries, amongst other technologies.
As solar panels and BESS are included in the plan, it will address the manufacturing and building of solar panels, and the manufacturing and building of non-EV batteries, battery packs, and battery cells.
The programme will be under the care of the Institute for Diversification and Energy Saving (DAE), with its auction taking place soon but with no announced date so far. MITECO has also noted that future rounds of the scheme could result in adding more parts to the supply chain.
Funding will be location-dependent, providing a maximum of €150m (15%) of the project’s cost (as is the case with all projects). This is based on Article 107, part 3 of the Treaty on the Functioning of the European Union (TFUE).
On June 29th 2024, the Net Zero Industry Act began, which requires EU member states to build a yearly manufacturing capacity for net zero products that meets 40% or over of the members’ required deployment to meet 2030 targets.
If solar in Spain and beyond is relevant to you, register for a free place at Solar & Storage Live Barcelona – taking place 13-14 November.
