The European Commission has approved a €1.2bn Spanish scheme to support investments in the production of renewable hydrogen. It is expected to support the development of at least 100 MW of renewable hydrogen production capacity, the production of renewable hydrogen-derived fuels, renewable hydrogen storage, and the production of renewable electricity.
Under the scheme, the aid will take the form of direct grants covering the investment costs of the projects supported. The aid amount for each beneficiary will be determined on the basis of an open competitive bidding process. The aid will be granted on the basis of a scheme with an estimated volume and budget and will be granted before 31 December 2025.
The scheme was approved under the State aid Temporary Crisis and Transition Framework (TCTF) and will be fully funded through the Recovery and Resilience Facility (RRF) following the Commission's positive assessment of Spain's Recovery and Resilience Plan and its adoption by the Council.
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