Spain's Ministry of Ecological Transition (MITECO) has launched a new renewable energy manufacturing subsidy scheme.
the subsidy amount of the plan is 0.355 billion euros ($0.416 billion, 2.909 billion yuan RMB), and the funds will be provided through the Spanish Recovery and Resilience Plan (PRTR) under the framework of the "Next Generation European Union" (NextGenEU), aiming to stimulate the production of technical equipment and components including solar photovoltaic, energy storage and batteries (except electric vehicles), wind energy, solar thermal energy, geothermal energy and green hydrogen energy.
This is the second round of the RENOVAL program, which has previously awarded awards to seven solar photovoltaic manufacturing projects, including MCPV. MCPV
The Institute for Energy Diversification and Energy Conservation (IDAE) will be responsible for managing the subsidies to businesses. This is the second round of applications under the name RENOVAL to strengthen Spain's clean energy manufacturing supply chain.
The entire component manufacturing upstream supply chain, from polysilicon to components, is eligible to participate in the program, including ingots, wafers and solar cells. In addition, the manufacture of solar glass, photovoltaic inverters, brackets and mounting structures also meets the subsidy conditions of RENOVAL 2.
New projects and capacity expansion projects are eligible for subsidies, as well as projects that convert existing production lines to produce critical equipment or components that were not previously produced at the plant.
Applications will be open on 22 January 2026 (Thursday) and closed on 25 February (Wednesday).
Of the planned allocation of 0.355 billion euros, 25 million euros will be earmarked for projects with budgets between 1 million and 30 million euros, while the remaining funds will be reserved for projects with budgets exceeding 30 million euros. In general, the maximum amount allocated to a single project must not exceed 0.15 billion euros, or 15% of its eligible cost.
The results of the last round of the program were announced in March 2025, when more than 0.21 billion euros were allocated from the total subsidy of 0.3 billion euros for solar photovoltaic manufacturing. The first round of the program awarded a total of seven solar photovoltaic manufacturing projects, covering silicon wafer and module manufacturing.
Most of the solar PV manufacturing subsidy funds went to Sunwafe, which received 0.2 billion euros. The company plans to build a 20GW wafer manufacturing plant in northern Spain by 2030.
Other companies receiving subsidies in the first round of the program include Dutch solar photovoltaic manufacturer MCPV and Spanish module manufacturer European Solar Cell (Escelco). The Dutch company's project plans to build a 2.5GW heterojunction assembly plant in Navarra, northern Spain, while Escelco's application is to expand its operating capacity.
At the downstream level, the Spanish government recently allocated about 0.84 billion euros to energy storage projects, which will be supported by capital expenditures under the EU support program. A total of 143 projects with a total installed capacity of nearly 9GWh were selected, and nearly half of the approved projects will be mixed with other renewable energy projects.
In addition, MITECO also issued a 0.2 billion euro project solicitation order in November 2025 for "innovative" renewable energy and energy storage projects, including agricultural light complementary and floating photovoltaic.