Spain to invest €6.9bn in renewables by 2023

It is also looking to attract €9.45bn in private investment to clean up its energy mix

Pathway to COP26 report

The Spanish government has announced it will invest €6.9 billion (£5.8bn) in renewables, green hydrogen and energy storage during the next two years.

The announcement comes as part of the country’s recovery plan from the pandemic, with it also looking to attract private investment of €9.45 billion (£8.02bn) to accelerate its journey towards a cleaner infrastructure and energy mix.

The President of the Spanish government, Pedro Sánchez, said: “We have courageously and effectively tackled the problems facing Spaniards – but the duty of a good government is to do much more than that.

“It is to work thoroughly for tomorrow. A good government must think not only of the next elections but also of the next generations.”

If you enjoyed this story you can sign up to our weekly email for Energy Live News – and if you’re interested in hearing more about the journey to net zero by 2050, you can also sign up to the future Net Zero newsletter. 

Latest Podcast