- Spain will allocate EUR 50 million in grants to help power and heat production plants replace fossil fuels with renewable.
- The programme is funded by the EU’s NextGeneration recovery instrument and managed by Spain’s energy efficiency agency IDAE, through a competitive tender process.
Spain will allocate EUR 50 million (USD 58.6m) in grants to help power and heat production plants replace fossil fuels with renewable sources under a new support programme aimed at reducing emissions, costs and dependence on fossil energy, the country’s ministry for the ecological transition said on Monday.
The second round of the RENOCOGEN scheme will support projects that produce electricity and/or heat from renewable sources in place of natural gas, fuel oil and diesel at cogeneration and waste treatment facilities, the ministry said.
The programme is funded by the EU’s NextGeneration recovery instrument and managed by Spain’s energy efficiency agency IDAE, through a competitive tender process. Interested parties can send funding proposals from January 26 to March 2.
Eligible technologies include biomass, biogas, geothermal, aerothermal and solar thermal for heat production, as well as biomass and biogas cogeneration, and wind, solar and hydropower projects combined with energy storage. Aid will cover up to 65 per cent of project costs, with a cap of EUR 15 million per project and a minimum investment threshold of EUR 50,000.
The ministry said the programme would help industry cut energy costs, reduce dependence on fossil fuel imports and strengthen strategic energy autonomy, while delivering benefits in terms of employment, industrial activity and lower carbon dioxide emissions. Projects must be completed by June 30, 2029.
In the first RENOCOGEN call, Spain awarded EUR 46.8 million to 16 cogeneration and waste treatment installations with a combined thermal and electrical capacity of 142.5 MW, backed by a total investment of about EUR 114.9 million, the ministry said.