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POWER: Spain Requests €22bn from EU to Raise Renewable Capacity, Decarbonisation

POWER
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Spain has submitted its fifth payment request under the EU's Recovery and Resilience Facility, seeking up to €22.1bn in funding aimed at increasing renewable capacity, enhanced energy efficiency, and decarbonisation measures for buildings and agriculture, the EU said.

  • Additionally, it will help improving permitting processes
  • The request comprises of €6.7bn in grants and €15.4bn in loans.
  • However, these amounts could increase to €8bn in grants and €15.9bn in loans if the Council adopts the revised Spanish plan.
  • The funding will also be used for other projects regarding health and education etc.
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Spain has submitted its fifth payment request under the EU's Recovery and Resilience Facility, seeking up to €22.1bn in funding aimed at increasing renewable capacity, enhanced energy efficiency, and decarbonisation measures for buildings and agriculture, the EU said.

  • Additionally, it will help improving permitting processes
  • The request comprises of €6.7bn in grants and €15.4bn in loans.
  • However, these amounts could increase to €8bn in grants and €15.9bn in loans if the Council adopts the revised Spanish plan.
  • The funding will also be used for other projects regarding health and education etc.