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Spain's energy and environment ministry said recently that Spain will inject 181 million euros of national funds into renewable energy projects in seven regions, aiming to promote jobs and reduce carbon emissions
.
The subsidy is part of the 316 million euros that Spain will invest in financing innovative projects, an amount that could be supplemented
by EU funds for renewal.
Spain, which has abundant solar resources, is a champion of the EU's plan to use low-carbon investments to combat the economic disruption caused by the coronavirus, especially in
its traditionally strong tourism and car industries.
Projects that could benefit from subsidies include those that use sunlight, wind, biomass and renewable gases, including hydrogen, to generate electricity in sectors such as agriculture, industry and services
, Spain's finance ministry said in a statement.
The Spanish government expects that its carbon reduction plan will require a total investment of 200 billion euros over the next decade, of which 47 billion will come from the public sector
.
The €181 million will encourage the private sector to invest an additional €551 million and reduce greenhouse gas emissions by 712,000 tonnes of CO2 equivalent per year
, according to the Ministry of Finance.
Decisions on which projects will receive subsidies will take into account demographic challenges and the welfare
of workers in areas affected by renewable energy.
Spain's energy and environment ministry said recently that Spain will inject 181 million euros of national funds into renewable energy projects in seven regions, aiming to promote jobs and reduce carbon emissions
.
The subsidy is part of the 316 million euros that Spain will invest in financing innovative projects, an amount that could be supplemented
by EU funds for renewal.
Spain, which has abundant solar resources, is a champion of the EU's plan to use low-carbon investments to combat the economic disruption caused by the coronavirus, especially in
its traditionally strong tourism and car industries.
Projects that could benefit from subsidies include those that use sunlight, wind, biomass and renewable gases, including hydrogen, to generate electricity in sectors such as agriculture, industry and services
, Spain's finance ministry said in a statement.
The Spanish government expects that its carbon reduction plan will require a total investment of 200 billion euros over the next decade, of which 47 billion will come from the public sector
.
The €181 million will encourage the private sector to invest an additional €551 million and reduce greenhouse gas emissions by 712,000 tonnes of CO2 equivalent per year
, according to the Ministry of Finance.
Decisions on which projects will receive subsidies will take into account demographic challenges and the welfare
of workers in areas affected by renewable energy.
