2021-12-16 14:10:00
SPAIN RENEWABLE ENERGY PLAN €16.3 BLN
ENERDATA - 16 Dec 2021 - Spain has approved a €16.3bn energy plan (Proyecto Estratégico para la Recuperación y Transformación Económica, or PERTE) for renewables, green hydrogen and energy storage (ERHA). The programme includes €6.9bn of state funding, and €9.5bn of private investments. Most of the spending will take place between 2022 and 2023, and the beneficiary projects will run until 2026.
A significant part of the PERTE will finance green hydrogen projects, with €1.6bn in public funds, which should attract another €2.8bn of private investment. Indeed, Spain aims to have an hydrogen capacity of 4 GW by 2030, which would account for 10% of the European Union's target output. The PERTE also allocates €765m to the deployment and integration of renewables, with special attention to marine energies, which should channel another €1.6bn in private investment. Moreover, €620m of public funds will support smart grids and electricity storage, mobilising another €990m. Finally, the PERTE will allocate nearly €3.4bn to facilitating measures aimed at creating a favourable environment for the materialisation of the plan (development of self-consumption in companies, renewable gas mobility, etc.), which should attract more than €4bn in private investment.
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Earlier:
2021, November, 11, 14:50:00
ALGERIA'S GAS FOR SPAIN
In 2020, Algeria exported 8.7 bcm of natural gas via pipelines to Spain, accounting for about a quarter of the country's total gas imports, and 1.3 bcm to Portugal.
2021, October, 21, 15:05:00
SPAIN RENEWABLE 3 GW
In November 2020, the Spanish Council of Ministers approved a decree establishing a new regulatory framework for renewable energy auctions, the Economic Renewable Energy Regime (Régimen Económico de Energías Renovables, REER).
2021, September, 22, 12:55:00
EUROPEAN ENERGY PRICES UP
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2021, September, 21, 12:40:00
SPANISH HYDROGEN GRID
Spain approved in October 2020 a Hydrogen Roadmap through to 2030 with an expected investment of Eur8.9 billion in the sector with targets to reach 4 GW of electrolyzers and other targets.
2021, September, 17, 11:45:00
NO NUCLEAR FOR SPAIN
Under Spain's nuclear phase-out policy, its nuclear fleet is scheduled to shut down by 2035.
