Spain receives EU approval for €700 million cleantech manufacturing scheme
The €700 million plan by Spain will boost clean industry investment and accelerate Europe’s net-zero transformation through enhanced production of key green technologies.
The European Commission has approved a €700 million Spanish plan to expand clean technology manufacturing capacity in line with the Clean Industrial Deal. The measure supports strategic investments that will boost Spain’s role in the EU’s transition towards a net-zero economy.
A scheme that provides direct grants for projects that add production capacity in net-zero technologies and their key components.
Open to companies across Spain until 2028, the initiative aims to strengthen competitiveness and reduce dependence on imported fossil fuels while advancing renewable energy, hydrogen, and decarbonisation technologies.
Executive Vice-President Teresa Ribera stated that the plan will enhance sustainability and industrial growth while maintaining fair market conditions.
An approval that follows the Clean Industrial Deal State Aid Framework, which enables member states to accelerate the rollout of clean technologies and manufacturing across the EU.
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