Portugal launches € 62 million funding, including green hydrogen
The funding will be issued under PRR to invest in producing renewable gases such as green hydrogen.
Portugal Ministry of the Environment has announced € 62 million in funding under the Recovery and Resilience Plan (PRR) to produce gases of renewable origin.
This is the first of three PRR notices for projects producing hydrogen and other renewable-great gases for self-consumption and/or injection into the grid.
João Pedro Matos Fernandes, Minister of Environment and Climate Action announced on 28th September 2021. The applications will be made through the Environmental Fund with the deadline is 30th December.
The projects target areas include investments in storage, transport and distribution of renewable gases and projects that aim to increase the contribution of renewables to energy consumption, reduce emission, reduce energy dependence and improve energy supply security. The maximum limit for the funding for a project will be € 5 million, which can reach € 10 million with a broader value chain such as integrating production, distribution and end-users.
Meanwhile, under Operational Program Sustainability and Efficiency in the Use of Resources (Poseur) notice, the ministry also approved 13 projects related to the production of renewable gases, issuing a total of € 34 million from the Cohesion Fund. The total project’s investment reaches € 62.3 million and has an installed capacity of 34 MW. The projects are spread across the national Monforte, Ílhavo, Águeda, Rio Maior, Paços de Ferreira, etc.