Spain unveils renewables investment package

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Spain unveils renewables investment package


Spain has revealed a EUR670 million (USD784.6 million) investment package under its Recovery, Transformation and Resilience Plan (PRTR), targeting offshore wind, marine energy, pumped hydro storage, sustainable mobility and renewable power and heat generation.

A provisional resolution allocates EUR212 million (USD248.3 million) to the ports of Gijón, Las Palmas, Tarragona, Castellón and the combined A Coruña/Ferrol-San Cibrao hub to strengthen logistics infrastructure and support Spain’s offshore wind manufacturing and assembly value chain.

To qualify, ports must be linked to industrial projects tied to the marine renewables supply chain, with private-sector investment commitments matching or exceeding the public support requested. The projects must also demonstrate a minimum operational horizon of ten years.

The aim is to establish logistics bases for the construction, assembly, commissioning and maintenance of future offshore wind farms and other marine renewable projects. Planned upgrades include heavy-duty quays, assembly areas and logistics infrastructure capable of handling large vessels, oversized turbine components and floating or fixed offshore platforms.

Separately, Spain allocated a further EUR75 million (USD87.8 million) to its BORALMAC II reversible pumped-storage programme, increasing its budget to EUR165 million. Seven projects were selected across Galicia, Asturias, Andalusia, Extremadura and Catalonia.

Meanwhile, EUR165 million (USD193.2 million) has been provisionally awarded to 41 clean technology manufacturing projects across 12 autonomous communities under the second phase of Spain’s industrial value chain support programme. Battery and energy storage projects accounted for the largest share, followed by grid technologies, offshore wind and renewables, hydrogen and solar initiatives.

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