16 Apr 2024

IDAE renews its investment plan for energy transition projects with 100 million euros

The Instituto para la Diversificación y Ahorro de la Energía (IDAE), which reports to the Ministerio para la Transición Ecológica y el Reto Demográfico, has activated an allocation of 100 million euros to invest as a minority partner in emerging business projects involving innovative technological solutions, start-ups or business models for the global process of decarbonisation of the Spanish economy.

IDAE may acquire equity stakes in the share capital of companies, start-ups, vehicle companies or newly created companies that present innovative projects primarily aimed at sustainable mobility, renewable technologies, hydrogen, infrastructure, storage and flexibility of the electricity system, efficiency, industrial value chain and circular economy.

Proposals that are technically feasible and economically profitable, with at least a degree of technological development and in a pre-commercial phase will be assessed. Its objective is to facilitate the activation and commercial consolidation of promising initiatives in the energy transition.

Equity participation in the projects will always be a minority shareholding, between 5% and 20% approximately, with a maximum of 10 million euros per project.

Interested entities can now submit their proposals for consideration to: inversiones@idae.es. The IDAE’s criteria, documentation to be submitted and priority investment areas can be consulted on its website.