{"id":50933,"date":"2026-07-06T10:59:09","date_gmt":"2026-07-06T10:59:09","guid":{"rendered":"https:\/\/www.europesays.com\/spain\/50933\/"},"modified":"2026-07-06T10:59:09","modified_gmt":"2026-07-06T10:59:09","slug":"spain-awards-e162-million-to-clean-energy-manufacturing","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/spain\/50933\/","title":{"rendered":"Spain awards \u20ac162 million to clean energy manufacturing"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Unlike the previous programme, which <a href=\"https:\/\/www.pv-tech.org\/spain-allocates-more-than-e210-million-to-solar-pv-manufacturing\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">awarded more than \u20ac210 million to seven solar manufacturing projects<\/a> last year, none of the solar PV funding went to solar module manufacturing.<\/p>\n<p class=\"wp-block-paragraph\">Two of the solar PV projects awarded financing were to Spanish inverter manufacturer Power Electronics and its subsidiary Power Metal Works with \u20ac7.6 million and \u20ac1.4 million, respectively. Both projects will be located in the eastern region of Valencia.<\/p>\n<p class=\"wp-block-paragraph\">The solar inverter and energy storage manufacturer recently unveiled it had reached 170GW of installed AC power globally, and aims to install a further 20GW by the end of the year to reach 190GW.<\/p>\n<p class=\"wp-block-paragraph\">The third solar manufacturing project allocated funding was England-based tracker provider Cambridge Energy, for its tracker manufacturing facility in the southeastern region of Murcia, which received \u20ac750,000.<\/p>\n<p class=\"wp-block-paragraph\">Additionally, 11 energy storage-related manufacturing projects receiving funding.<\/p>\n<p class=\"wp-block-paragraph\">This includes the \u20ac81 million awarded to Hithium Spain Innovation for the construction of a battery energy storage system and cell plant in the northern region of Navarre. This was the largest single award for a project and comprised around half of all the funding given out in this round.<\/p>\n<p class=\"wp-block-paragraph\">According to MITECO, the support programme aims to strengthen Spain\u2019s \u201cleadership in clean technologies\u201d. The Ministry claimed that Spain has established manufacturing capacity for \u201cmore than 60%\u201d of the components in the solar value chain.<\/p>\n<p class=\"wp-block-paragraph\">All the projects allocated funding will have 48 months to carry out the construction covered by the RENOVAL 2 programme.<\/p>\n<p>Underfunded second edition<\/p>\n<p class=\"wp-block-paragraph\">After awarding nearly \u20ac300 million in the first edition of the RENOVAL programme, the second iteration awarded almost half that amount, despite the <a href=\"https:\/\/www.pv-tech.org\/spain-launches-e355-million-renewables-manufacturing-programme\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Spanish government allocating \u20ac355 million<\/a> for RENOVAL 2 earlier this year.<\/p>\n<p class=\"wp-block-paragraph\">Last year, solar PV manufacturing alone received more funding last year than all the technologies combined in RENOVAL 2, covering almost the entire supply chain.<\/p>\n<p class=\"wp-block-paragraph\">The funds will be provided through Spain\u2019s recovery and resilience plan (PRTR) under NextGenEU, which aims to incentivise the production of equipment and components for solar panels, batteries, wind and electrolysers, among other technologies.<\/p>\n<p class=\"wp-block-paragraph\">The full list of projects awarded funding <a href=\"https:\/\/sede.idae.gob.es\/sites\/default\/files\/documentos\/2026\/Enegias%20Renovables\/RENOVAL%202\/_423_resol_adjudicacion_renoval2_dgpem.pdf\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">can be accessed here<\/a> (in Spanish).<\/p>\n","protected":false},"excerpt":{"rendered":"Unlike the previous programme, which awarded more than \u20ac210 million to seven solar manufacturing projects last year, none&hellip;\n","protected":false},"author":2,"featured_media":50934,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[22122,499,22123,22124,12406,22125,22126,17],"class_list":["post-50933","post","type-post","status-publish","format-standard","has-post-thumbnail","category-spain","tag-cambridge-energy","tag-funding","tag-government-funding","tag-idae","tag-manufacturing","tag-miteco","tag-power-electronics","tag-spain"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/50933","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/comments?post=50933"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/50933\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media\/50934"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media?parent=50933"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/categories?post=50933"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/tags?post=50933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}