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Global Trade Alert

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Spain: EUR 1.2 billion grant scheme to support investments in production of renewable hydrogen

Description

On 26 July 2024, the European Commission approved a EUR 1.2 billion (USD 1.3 billion) financial grant scheme from Spain. The stated objective is to support investments in the production of renewable h...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

26 Jul 2024

Revocation date

31 Dec 2025

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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