Incentivizes investments in renewable energy technologies, energy source diversification and decarbonization
08 Jun 2024
On 7 June 2024, the Government of Portugal published Ministerial Order No. 160/2024/1, which establishes an incentive programme to support the development of an ecological industry. The programme aims to foster industrial investments that enhance production capacity in renewable energy technologies, energy efficiency, energy source diversification, and decarbonization.
The incentive scheme targets activities such as the production of climate-relevant equipment, including photovoltaic systems, wind turbines, biogas facilities, batteries, and carbon capture technologies, as well as essential components and raw materials for these technologies.
Support will be provided in the form of non-repayable grants, subject to maximum co-financing rates.
The order came into effect on 8 June 2024.
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Type:
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Promotion and facilitation (Investment incentives)
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Industry:
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Not industry specific (SDG)
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Primary (Mining and quarrying)
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Manufacturing (Manufacture of machinery and equipment n.e.c.)
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Services (Electricity, gas, steam and air conditioning supply)
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Sources:
