European Commission approves €1.2bn Spanish renewable hydrogen support scheme for net-zero transition.

The European Commission approved €1.2bn Spanish scheme to support renewable hydrogen production, aiming to transition to a net-zero economy. The scheme, funded by the Recovery and Resilience Facility, supports projects with an installed capacity of at least 100MW, including hydrogen-derived fuels, storage, and electricity production. This aid is in line with the REPower EU Plan and Green Deal Industrial Plan.

July 26, 2024
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