Spain Receives EU Approval for €700 Million Cleantech Manufacturing Scheme
The European Commission has approved a €700 million plan by Spain to expand clean technology manufacturing capacity, supporting the goals of the Clean Industrial Deal. This initiative will boost clean industry investment and accelerate Europe’s transition to a net-zero economy.
Key Features of the Plan
- Direct grants for projects that increase production capacity in net-zero technologies and essential components.
- Open to companies across Spain until 2028.
- Aims to strengthen Spain's competitiveness within the EU’s green transition.
- Focuses on reducing reliance on imported fossil fuels.
- Supports renewable energy, hydrogen, and decarbonisation technologies.
Statements and Framework
Executive Vice-President Teresa Ribera said the plan will “enhance sustainability and industrial growth while maintaining fair market conditions.”
This approval follows the Clean Industrial Deal State Aid Framework, which helps member states accelerate clean technology deployment and manufacturing across Europe.
Summary
Spain's €700 million scheme aims to boost domestic clean technology production, advancing the EU's green transition and reducing fossil fuel dependence.
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