Spain Starts New €355 Million Renewable Energy Manufacturing Program - CleanTechnica

The Spanish government has launched a new €355 million program to subsidize the manufacturing of renewable energy and energy efficiency technologies. This initiative, funded through the European Union’s NextGenerationEU recovery funds under Spain’s recovery and resilience plan, aims to support equipment makers in a wide range of sectors including solar, onshore wind, marine renewables, batteries, energy storage, heat pumps, geothermal energy, hydrogen technologies, sustainable biogas, power grids, hydropower turbines, and other renewable sources. The funding, managed by the Ministry of Ecological Transition’s Institute for the Diversification and Saving of Energy (IDAE) under the RENOVAL 2 program, will cover the establishment of new factories, expansion of existing capacity, and conversion of production lines to manufacture renewable components. Submissions for funding proposals are open from January 22 to February 25. Spain already has a robust manufacturing base for renewable energy, producing nearly all components for wind farms and the majority of solar photovoltaic installations. This program