News Article | July 19th 2024

Spain announces €1.2bn in new subsidies for green hydrogen hubs

Spain’s Prime Minister Pedro Sánchez has announced in a speech to Congress yesterday (Wednesday) that his government will allocate €2.3bn ($2.5bn) towards four new subsidy programmes “in the coming days”, including €1.2bn for renewable hydrogen hubs.
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The state aid, which according to local reports will be launched this month, will come in addition to the €794m already announced earlier this month under the EU’s Important Projects of Common European Interest (IPCEI) programme, approved by the European Commission in September.

Another €750m of the €2.3bn will go towards building out supply chains for green technologies, including manufacturing sites for wind turbines, solar panels, batteries, heat pumps and electrolysers.

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