The Spanish government has announced an additional €10 billion investment in its Strategic Projects for Economic Recovery and Transformation (PERTEs) program to accelerate the country’s clean energy transition.
The PERTEs program is a series of 13 strategic projects that aim to mobilize and channel public and private investment towards the development of key sectors of the Spanish economy. The program has a total budget of €70 billion, of which €30 billion is expected to come from private investment.
The additional €10 billion investment will be used to reinforce practically all of the PERTEs that are already in place, including the PERTE for Renewable Energies, Renewable Hydrogen and Energy Storage (ERHA).
The PERTE ERHA will receive a total of €7 billion in investment from the PERTEs program, including the additional €10 billion. This investment will be used to support the development of the renewable hydrogen value chain, new pioneering projects, the creation of hydrogen valleys, and the support of Important Projects of Special European Interest (IPCEI).
The investment in the PERTE ERHA is a significant commitment from the Spanish government to renewable hydrogen. The government believes that renewable hydrogen has the potential to play a key role in Spain’s clean energy transition and in the decarbonization of its economy.
The PERTE ERHA is expected to create thousands of jobs and generate billions of euros in economic activity. The government believes that the investment in the PERTE ERHA will help to position Spain as a leader in the global renewable hydrogen market.
The additional €10 billion investment in the PERTEs program is expected to have a significant impact on Spain’s clean energy transition. The investment will help to accelerate the development of renewable energy, renewable hydrogen, and other clean energy technologies.
The investment is also expected to create thousands of jobs and generate billions of euros in economic activity. The government believes that the investment will help to position Spain as a leader in the global clean energy market.