Spain will invest €50m ($58.6m) in grants to help shift its power and heat production plants to use renewable fuel sources rather than fossil fuels, according to the country’s Ministry for the Ecological Transition.
The grants will be supplied through the second round of Renocogen scheme, which is funded by the EU’s NextGeneration recovery fund.
The scheme supports projects that produce electricity and/or heat from renewable sources in place of natural gas, fuel oil and diesel at cogeneration and waste treatment facilities.
Aid will cover up to 65% of projects costs, with a cap of €15m per project and a minimum investment threshold of €50k.
… to continue reading this article and more, please login, register for free, or consider subscribing to gasworld
You’ve reached your weekly limit to access free articles!
Want to keep reading?
Please register for free and create a profile to gain access to this full article and gasworld’s daily news.
For access to more content including our monthly digital magazines, subscriber-only features or columns and all our other gasworld archives, please consider subscribing.
Alternatively, you can continue reading more articles as a guest on Wednesday, 14th January at 11:28AM
