Spain

Spain

Introduces State aid scheme to support investments in renewable hydrogen production

26 Jul 2024

On 26 July 2024, the European Commission approved a €1.2 billion State aid scheme by Spain to support investments in renewable hydrogen production. The scheme targets projects with an installed capacity of at least 100 MW, including renewable hydrogen-derived fuels, hydrogen storage, and renewable electricity production. The aid, provided as direct grants, will be allocated through a competitive bidding process. To qualify, projects must secure agreements with off-takers for at least 60 per cent of the produced hydrogen or hydrogen-derived fuels. Aligned with the REPowerEU Plan and the Green Deal Industrial Plan, the measure will remain in effect until December 2025.