INTIEASpain · Recovery, transformation and resilience plan / Inclusive and fair energy transition (III)PolicyIn force

Recovery, transformation and resilience plan / Inclusive and fair energy transition (III)

Spain submitted its recovery and resilience plan in April 2021 to the European Commission which was approved in July 2021. Within the third pillar of the plan, one component relates to the decarbonisation of the energy sector notably the support of workers whose employment might…

Last changed 1 year ago.

Extracted view for reading · Original for compliance evidence

Lifecycle

  1. Effective
  2. Last change

Country / jurisdiction: Spain · Year: 2021 · Status: In force · Level: National · Type: Voluntary

Spain submitted its recovery and resilience plan in April 2021 to the European Commission which was approved in July 2021. Within the third pillar of the plan, one component relates to the decarbonisation of the energy sector notably the support of workers whose employment might be adversely affected by the energy transition. The pillar is composed of the following strategies:

Component 7: Development and inclusion of renewable energies: EUR 3 165 million (2021-2023)

Component 8: Electrical infrastructure, promotion of smart grids and deployment of storage facilities: EUR 1 365 million (2021-2023)

Component 9: Roadmap for the integration of renewable hydrogen: EUR 1 555 million (2021-2023)

Component 10: Just transition strategy: EUR 300 million (2021-2023).

An addendum to this recovery and resilience plan was approved in 2023, adding a new strategy to the above: Component 31. REPowerEU (2023-2026) EUR 6916 million. The objectives of this component include improving energy infrastructures.

After the publication of the Recovery, Transformation and Resilience Plan, Spain has approved four Calls for funding proposals related to Component 8, which have the next budget:

Innovative energy storage R&D projects: 50 M€

Co-located energy storage with power generation facilities from renewable energy sources: 150 M€

Innovative projects for Stand Alone electrical storage and thermal storage: 180 M€

Innovative reversible pumped storage projects: 100 M€

New Business Models for the Energy Transition: 156 M€

Official source: https://www.lamoncloa.gob.es/presidente/actividades/Documents/2020/07102020_PlanRecuperacion.pdf

Source

https://www.iea.org/policies/13396

Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.

Related in International

INTEnergy Newsoilprice:oilprice-article-45841NewsIn force

Aluminium Gives Up Its War Premium, Copper Stays Elevated

LME Week 2026 kicked off in London on Monday, with industry leaders focused on the macroeconomic outlook for base metals, AI and energy transition demand, as well as critical mineral supply chain resilience. This year's discussions have come at a time when the London Metal Exchange is robustly healthy, recording a 16% year-on-year increase in average daily turnover from January through September. Standard Chartered's commodity analysts expect mixed results for base metals in the coming months. Prices will follow macroeconomic conditions (risk…

14 hours ago
INTEnergy Newsoilprice:oilprice-article-45840NewsIn force

Big Oil Eyes Record Profits but Keeps Spending in Check

Oil supermajors have been raking it in since the war in the Middle East began. They are now set to report another robust quarter, even as some jurisdictions where they operate plan to slap windfall taxes on them. The question now is what Big Oil will do with these profits. The answer: it probably won’t be a spending spree. They sure have the money for a spree. If the second quarter is any indication—and it is—oil and gas majors are having a really strong year. Out of all S&P 500 sectors, Energy booked annual growth of 128.2%…

15 hours ago
INTEnergy Newsoilprice:oilprice-article-45839NewsIn force

U.S. Energy Red Tape Gives China an Edge

Congress needs to pass the bipartisan bill on permitting reform to accelerate energy infrastructure buildout so that the United States can compete economically and industrially with China, say former economic policy and national security officials who have served six U.S. presidents. The Bipartisan American Affordability and Jobs Act of 2026 was introduced in the Senate at the end of September and is expected to be debated after the mid-term elections when Congress returns from the recess on November 9. The bill would reinforce statutory deadlines…

16 hours ago
INTEnergy Newsoilprice:oilprice-article-45835NewsIn force

S&P Global Warns Hormuz Energy Shock Could Become a Global Food Crisis

The world’s ongoing energy crisis is quickly turning into a global food security crisis. Ongoing conflict between some of the world’s most prominent economies on two major fronts – Russia’s war in Ukraine and the United States’ and Israel’s war in Iran – is creating geopolitical shockwaves through critical global trade routes and threatening some of humanity’s most essential commodities, from oil and gas to grain and fertilizer. A "multidirectional squeeze on world agriculture" is taking form,…

17 hours ago
INTEnergy Newsoilprice:oilprice-article-45836NewsIn force

As BP Leaves the North Sea, These Independents Are Buying In

Back in July, UK oil and gas major BP Plc. (NYSE:BP) announced that it was putting its entire UK North Sea oil and gas business up for sale as part of a broader $20-billion portfolio overhaul, marking the end of a 60-year era as a leading player in Europe's largest oil basin. BP's North Sea operations produced about 117,000 barrels of oil equivalent per day in 2025 (roughly 5% of BP's total global output) and employed around 1,100 people. BP is hardly alone. Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) have sold their UK North Sea assets in recent…

18 hours ago