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Global Trade Alert

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Spain: Introduction of EUR 350 million scheme to invest in electricity storage facilities

Description

On 7 July 2023, the European Commission approved a EUR 350 million (USD 383 million) direct grant scheme from Spain. The measure supports businesses that operate in the construction and operation of e...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

07 Jul 2023

Revocation date

30 Jun 2026

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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