Energy companies in Spain ask for more than 20 billion euros in subsidies

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Energy companies in Spain submitted applications for subsidies worth more than 20 billion euros, which tripled the amount available in the package for recovery and economic transformation dedicated to energy, which has 6.9 billion euros of funds of the EU.

The numbers are advanced today, Tuesday, December 27, by the newspaper “Expansion”, which indicates that among the companies in the race for subsidies are groups such as Iberdrola, Endesa, Repsol, Cepsa and Naturgy, but also the Portuguese EDP.

The energy support package, which is focused on renewable sources, green hydrogen and storage, is the second largest that Spain has created, just after the package made available to the semiconductor industry, which will have support of more than 12 billion euros.

According to “Expansión”, in the energy package there are tenders that are relying on a particularly high volume of applications, as is the case of green hydrogen, where the projects put forward recover the amount of support available .

According to the same newspaper, the support package was launched a year ago, but only recently the first tenders began to be decided, with support of more than 400 million euros were approved, even though the projects presented they requested aid of more than 1,100 million. .


Source: Espresso from expresso.pt.

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