22/06/21
06/22/21
The Government will launch a subsidy program to promote self-consumption and storage in the industry
SOURCE: MINISTRY FOR ECOLOGICAL TRANSITION AND THE DEMOGRAPHIC CHALLENGE
The Council of Ministers, after being proposed by the Ministry for the Ecological Transition and the Demographic Challenge (MITECO), has approved a Royal Decree to grant 660 million euros, extendable to 1,320 million, in subsidies for self-consumption facilities (up to 900 million), behind the meter storage (up to 220 million) and heating&cooling run on renewable energy (up to 200 million).

These programs, supported by the Recovery, Transformation and Resilience Plan budget, will be coordinated by the Institute for Energy Diversification and Efficiency (IDAE), which will lead and coordinating the actions and monitoring their evolution, according to the procedure used since 2019.

The initial 660 million budget will be expanded, as the initial amount assigned to each Autonomous Community are deployed, until reaching the total 1,320 million.

The subsidies will promote the creation of local jobs and the improvement of the competitiveness of companies and households by reducing their energy costs. They will also contribute to achieving the clean energy and emission reduction targets set by Spain, whose National Integrated Energy and Climate Plan (PNIEC) foresees a 42% presence of renewables on final energy use in 2030.

The 660 million, under a conservative scenario, will allow the construction of 1,850 MW of renewable generation. Likewise, they will generate more than 25,000 direct and indirect jobs, exceeding 45,000 jobs by also including induced ones; GDP will grow from 1.7 to 3.2 million for every million euros of subsidies.

This program will be articulated through six programs, of which the first three are aimed at specific economic sectors and, more in detail, at self-consumption and storage in the service sector (120 million of which 20 million are for storage), in other productive sectors, such as industry or agriculture (175 million of which 25 million are for storage) and for incorporation of storage in existing self-consumption in economic sectors (endowed with 45 million euros).