from the European aid fund and Ministry of Ecological TransitionAn action plan has been prepared for aid and cash loans for SMEs and large companies with high electricity consumption.
assistance program for Energy efficiency actions in SMEs and large companies in the industrial sector, It aims to establish specific regulatory rules for the granting of aid whose major energy consumption is to encourage and promote the performance of these companies’ actions that reduce carbon dioxide emissions and final energy consumption in the industrial sector.
Companies with large electricity consumption will have the advantage of obtaining pre-designed loans from the Ministry of Ecological Transition, the Official Credit Institute (ICO) and the European aid fund. banks’ investment in renewable energy facilities
In this context, solar technology Signed a macro agreement with banking institutions that will have access to ratings from the European aid fund to facilitate the intended assistance procedures. Spanish companies that decided to prefer solar energy and reduce your electricity consumption.
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Line of Royal Decree 40,000 million euros from the Ministry of Economy and Digital Transformation, To approve financing given to companies and self-employed individuals to meet their financial needs mainly arising from the realization of new investments. According to the agreement of the Cabinet, some points will be managed by the ICO. Specifically, these are:
- First tranche: €8,000 million, €5,000 million to SMEs and self-employed and €3,000 million to non-SME companiesIt aims to guarantee the financing provided to meet liquidity needs and especially those obtained from new investments.
- Fourth tranche: 500 million Euros to guarantee the financing provided to SMEs and self-employed, To meet the liquidity needs of the tourism, accommodation and related activities sector as well as the needs arising from new investments.
- Sixth tranche: €15,000 million, €10,000 million for SMEs and self-employed and €5,000 million for non-SME companies. It is aimed at securing the financing provided for the realization of investments that support the recovery of the Spanish economy and meeting the liquidity needs.
this Official Credit Institute, As part of its activity, it provides direct financing to Spanish companies for the development of major investment projects. The direct financing activity of the ICO, purposes of supporting and promoting economic activities those who contribute to the growth and improvement of the national wealth distribution and deserve their promotion, especially because of their social, cultural, innovative or ecological significance.
In addition, the actions of the ICO in the direct financing activity, take the commitment to sustainable economic development to comply with market standards in terms of sustainability and climate change targets at both national and international levels. The line is subject to EU State aid regulations.
*Source IDAE AND ICO.
SunTechnics – Turning the Sun into Energy
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