Spain unveils €750 million renewables and storage manufacturing scheme

Facebook
Twitter
LinkedIn
Reddit
Email
Exiom expects to have its 500MW TOPCon module assembly plant, located in Spain, operational in Spring 2024.
The Spanish scheme aims to incentivise the domestic manufacturing of solar panels and batteries in the country. Image: Exiom.

The Spanish Ministry of Ecological Transition (MITECO) has opened to public consultation a new incentive scheme for renewables and storage manufacturing.

The first round of the scheme will allocate over €750 million (US$811 million) based on the necessities outlined in the information gathered during the public consultation. The funds will be provided through Spain’s recovery and resilience plan (PRTR) and are aimed to incentivise the production of equipment and components for solar panels, batteries and electrolysers, among other technologies. According to MITECO, future rounds could add other aspects of the supply chain.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

One of the objectives of the scheme is to strengthen Spain’s domestic manufacturing and its strategic autonomy, as well as Europe’s. Teresa Ribera, the Spanish minister of ecological transition, said the goal is not just to change the colour of the molecules or electrons but also: “We want capital goods to be produced in Spain.”

The Institute for Energy Savings and Diversification (IDAE in Spanish) will overview the scheme and the financial aid, which would include both existing and new projects. For existing projects, this includes the expansion of the annual capacity by adding a new production line or improving existing lines with equipment not previously in use. However, only projects that have not been started prior to the auction will be accepted.

The public consultation is open until 15 March and more details can be accessed here (in Spanish).

Europe’s NZIA

Spain follows suit with the Netherlands which launched a subsidy aimed at solar module and battery manufacturing. In both cases, these schemes come at a time when the European solar manufacturing industry has been in a critical state, with many in the sector calling for emergency measures to protect European industry.

The announcement of both schemes, in Spain and the Netherlands, comes only weeks after the European Parliament and the EU Council agreed on new regulations to boost the region’s solar manufacturing industry with the Net Zero Industry Act (NZIA).

Full details of the NZIA are yet to be disclosed, but among the criteria implemented is a 50% quota on solar capacity auctioned by member states for which modules can be sourced from a single country per year.

One of the manufacturing projects expected to soon be operational in Spain is the 500MW tunnel oxide passivated contact (TOPCon) module assembly plant from Spanish utility Iberdrola and Spanish solar PV manufacturer Exiom, which started receiving equipment back in October. In a LinkedIn post last week, Exiom announced it expected the plant to be operational in the Spring. It will be located in the northeastern Spanish region of Asturias.

As countries aim to incentivise domestic manufacturing and attract companies to build capacity, in Germany, Swiss solar manufacturer Meyer Burger called for an emergency meeting to approve final funding for its US manufacturing plants, as the company looks to move its operations from Germany to the US and close down the module assembly plant in Germany.

Several companies, including rooftop installer Enpal and energy startup 1Komma5° have offered to take on Meyer Burger’s module production in Freiberg, Saxony.

PV Tech publisher Solar Media will be organising the PV CellTech 2024 Conference in Frankfurt, Germany during 12-13 March 2024. The event takes place for the first time in Frankfurt and will be looking at the competing technologies – including heterojunction and tunnel oxide passivated contact (TOPCon) – and roadmaps for PV cell mass production during 2024-2026. See the official site for more details.
3 November 2026
Málaga, Spain
Understanding technology and supplier selection for Europe’s utility-scale PV market in 2027. PV ModuleTech Europe 2026 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of PV module, inverter and battery supplier selection; product availability, technology offerings, supply chain traceability, quality assurance, factory auditing, system reliability, and supplier bankability.
2 February 2027
London, UK
Returning in 2027 for its 14th edition, Solar & Storage Finance Europe will bring together the brightest minds representing funds, banks, developers, utilities, government and industry across Europe and the UK on a programme that is solutions-focused from top to tail. The event is designed to enable leaders at the forefront of solar and storage investment and deployment in Europe to scale, learn and land themselves industry defining partnerships.

Read Next

Premium
August 13, 2026
US POLICY FOCUS: Section 232 tariffs on polysilicon imports have changed the landscape of the country’s solar industry overnight.
August 12, 2026
This evening’s solar eclipse will cut Europe’s effective solar PV capacity by 9.7GW, according to ENTSO-E.
August 11, 2026
US solar module manufacturer SEG Solar inaugurates 4GW Texas module plant, taking total US manufacturing capacity to 6GW annually.
Premium
August 10, 2026
Trinasolar's APAC leaders discuss how battery incentives, C&I demand, and DC-coupled storage are reshaping Australia's rooftop solar market.
August 7, 2026
Despite the new power inverter ban from the Federal Communications Commission (FCC), the US manufacturing is expected to meet new inverter demand, according to an analysis from energy market research firm Wood Mackenzie.
August 6, 2026
Welcome to the PV Chart of the Week from our colleagues at PV Tech Research. This week, we look at the annual nameplate capacity for solar cells and modules in the US since 2020.

Upcoming Events

Solar Media Events
October 13, 2026
San Francisco Bay Area, USA
Solar Media Events
November 3, 2026
Málaga, Spain
Solar Media Events
November 24, 2026
Warsaw, Poland
Solar Media Events
February 2, 2027
London, UK
Solar Media Events
April 20, 2027
Istanbul, Türkiye