The Government has approved the Strategic Project for Economic Recovery and Transformation (PERTE) on Renewable Energy, Renewable Hydrogen and Storage (ERHA) in order to develop technology, knowledge, industrial capacities and new business models that reinforce the country's leadership position in clean energies. For hydrogen, the goal is for Spain to contribute at least 10% of the 40 gigawatts of production that is expected to be reached in the European Union.

The PERTE will mobilise resources worth 16.37 billion euros, 6.92 billion of which will come from the recovery, transformation and resilience plan and more than 9.45 billion from the private sector, with the aim of modernising the national productive model around energy transition. During his presentation, the president of the Government of Spain, Pedro Sánchez, explained that this project will decisively promote "an energy transition designed and manufactured in Spain". The Executive has estimated that up to 280,000 jobs – direct, indirect and triggered in the rest of the economy – can be created as a result of the activated programmes.

The beneficial effects of this plan include Spain's reduced external energy dependence, a stimulus to its industrial potential and the creation of quality employment and new business models. In addition, "it will enable individuals, SMEs and government authorities to stop being only consumers but to also generate, store, manage or share their own energy, stimulating solutions such as self-consumption or energy communities," he added.

As stated by the Third Vice-President and Minister for Ecological Transition and Demographic Challenge, Teresa Ribera, "Spain is one of the top ten destinations for investments in renewable energy, compared to 2017 when we were number 27". Specifically, more than 25 billion euros have been invested by sovereign funds in energy assets in 2021. Three roadmaps have been approved, one dedicated to green hydrogen, another to energy storage and a third to marine energy. "This allows us to map our potential and the enormous capabilities that we have with respect to industrial capacity, knowledge, professionalism and strategic business interest," the minister pointed out.

^{Photo: Moncloa}