Spain's €400m Plan to Boost Renewable Hydrogen Production
Key Ideas
- The European Commission has approved a €400m Spanish state aid programme to support renewable hydrogen production.
- The scheme aims to fund up to 345MW of electrolyser capacity in Spain, enabling the production of 221,000t of renewable hydrogen.
- A competitive bidding process will determine the grant allocation per kg of renewable hydrogen produced, lasting up to ten years.
- Projects must meet EU renewable fuel standards, emphasizing emissions reductions and renewable criteria.
The European Commission has given the green light to a €400 million Spanish state aid program designed to bolster renewable hydrogen production in the country. This initiative, part of the EU's broader efforts towards decarbonisation and energy self-sufficiency, will be facilitated through the European Hydrogen Bank's 'Auctions-as-a-Service' platform. The funding will support the development of up to 345MW of electrolyser capacity, essential for generating an estimated 221,000 tons of renewable hydrogen within Spain. The financial aid will be issued through a competitive bidding system, offering direct grants based on the amount of renewable hydrogen produced, with support lasting for a maximum of ten years. Ensuring compliance with EU renewable fuel standards, these projects will prioritize emissions reductions and other renewable energy criteria to promote sustainable practices and contribute to the region's energy transition.
Topics
Projects
Renewable Energy
Decarbonisation
Energy Independence
European Commission
State Aid
EU Standards
Competitive Bidding
Electrolyser Capacity
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