The EU Cohesion policy provides for important investment possibilities to implement energy policy objectives in Spain which will be complemented by national public and private co-financing, aiming at optimal leverage. It also ensures integrated territorial solutions to challenges by supporting capacity building, technical assistance and territorial cooperation.
Internal energy market: Over 2014-2020, EU Cohesion Policy will invest some EUR 217 million in smart electricity storage and transmission systems, as well as around EUR 18 million in smart electricity distribution grids in Spain. These investments are expected to contribute to around 621 000 additional users connected to smart grids.
Energy efficiency: Over 2014-2020, EU Cohesion Policy will invest around EUR 1 096 million in energy efficiency improvements in public and residential buildings and in enterprises in Spain. A further estimated EUR 2 400 million will be invested in supporting the move towards an energy-efficient, decarbonised transport sector. These investments are expected to contribute to around 85 000 households with improved energy consumption classification and a decrease of around 1 629 176 000 kWh per year of decreased primary energy consumption of public buildings, as well as to around 520 km of new railway lines, 1 280 km of reconstructed or upgraded railway lines and 15 km of new or improved tram and metro lines.
Decarbonisation: Overall, the EU Cohesion Policy investments in Spain over 2014-2020 are expected to contribute to an estimated annual decrease of GHG of around 6 580 000 tonnes of CO2eq. Over 2014-2020, EU Cohesion Policy will invest some EUR 650 million in renewable energy in Spain. These investments are expected to contribute to around 1 051 MW of additional capacity of renewable energy production.
Research, Innovation and Competitiveness: Over 2014-2020, EU Cohesion Policy will invest significantly in R&I and in SME competitiveness in Spain. This will be based on the national and the regional strategies for smart specialisation. For Spain, the strategies (both the national and several regional ones) include a focus on clean, safety, sustainable and clean energy and smart, integrated and sustainable transport, as well as actions against climate change consequences and for resource efficiency. At this stage, at least EUR 8 million is foreseen for investments in R&I and adoption of low-carbon technologies in Spain, but this might increase further in line with the evolving content of the smart specialisation strategies.