CleanTechnica•10 days ago
Spain Starts New €355 Million Renewable Energy Manufacturing Program
Key Takeaway
Spain's substantial investment in domestic renewable energy manufacturing signals a strategic move to bolster local supply chains and potentially impact global equipment costs and availability for future RE projects.
AI Summary
- •Spain has launched a new €355 million program to subsidize the domestic manufacturing of renewable energy and energy efficiency technologies.
- •This initiative aims to strengthen local supply chains for RE equipment, potentially reducing reliance on foreign imports and increasing equipment availability.
- •For developers and large power consumers, this could lead to more stable supply chains and potentially lower equipment costs for future renewable energy projects in the long term.
Topics
emissionsfinancingoempolicysolarstoragewind
Article Content
The Spanish government is going down the route a bit that President Biden and Democrats went down. It is subsidizing the manufacturing of various renewable energy and energy efficiency technologies, to the tune of €355 million. “The new call for funding proposals is inviting equipment makers from the following categories ... [continued] The post Spain Starts New €355 Million Renewable Energy Manufacturing Program appeared first on CleanTechnica .