In Belgium, the European Commission has approved a $1.3 billion Spanish scheme to support investments in the production of renewable hydrogen in Spain. The commission said that the scheme 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. The scheme will support investments in the production of renewable hydrogen with an installed capacity of at least 100 MW. Investments supported may encompass the production of renewable hydrogen-derived fuels, renewable hydrogen storage, and the production of renewable electricity. To be eligible under the measure, applicants should have secured agreements with off-takers to cover at least 60% of the renewable hydrogen or renewable hydrogen-derived fuel expected to be produced, the European body said. 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 a competitive bidding process.
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