The Regulation for the “Promotion of Renewable Hydrogen and Other Renewable Gases” company incentive system has been approved.
Ordinance 168/2024/1 of June 18 has approved the regulation for the company incentive system, “Promotion of Renewable Hydrogen and Other Renewable Gases—Scaled-up Measure” (the “Regulation”) included in Investment RP-C21 i06 of the Portuguese Recovery and Resilience Plan (the “RRP”).
The Regulation aims to implement Investment 21-i06 of the RRP by establishing rules for future calls for tender, with a specific budget allocated to finance select projects.
Therefore, a mechanism has been established for awarding subsidies to incentivize and finance the production of gases from energy generated by facilities that exclusively use renewable energy sources and renewable gases. These include renewable hydrogen, biomethane or methane synthesized using biological carbon, using tried-and-tested technologies with a technology readiness level above 8, in accordance with the terms to be established in future calls for tenders.
Main aspects to consider:
- The total amount allocated for this incentive system is €70 million.
- The maximum financing per beneficiary and per operation is €15 million.
- Entities intending to carry out projects for the production of renewable hydrogen and other renewable gases can benefit from this incentive system.
- Details regarding each financing project will soon be published in each call for tenders.