The Spanish Ministry of Ecological Transition – MITECO has allocated €162 million, or US$183 million, to 40 clean energy manufacturing projects in Spain, which also includes three when it comes to solar PV.
The provisional findings of the RENOVAL 2 programme were made public recently by the Institute for Diversification and Energy Saving’s programme manager.
However, unlike the last programme which allocated over €210 million to seven solar manufacturing projects in 2025, not one of the solar PV funds was granted to solar module production.
Power Electronics, which is the Spanish inverter manufacturer, along with its subsidiary Power Metal Works, secured funding for two solar PV projects valued at EUR 7.6m or USD 8.2m and EUR 1.4m, respectively. Apparently, both projects will be situated in the eastern part of Valencia.
The manufacturer of solar inverters as well as energy storage recently disclosed that it has set up 170 GW of AC power around the world and plans to install an additional 20 GW by the end of 2026 in order to reach 190 GW.
Notably. the third solar manufacturing project to be granted funding was Cambridge Energy, the tracker provider which is headquartered in England. The company was granted €750,000 for a tracker manufacturing facility in the southeastern region of Murcia.
Also, 11 manufacturing projects concerning energy storage that are getting funding include €81 million for Hithium Spain Innovation when it comes to the construction of a battery energy storage system along with a cell plant in the northern region of Navarre. Interestingly, this was the largest one-time award for a project and accounted for about 50% of all funding awarded in this round.
MITECO said the funding of 40 clean energy manufacturing projects in Spain through the RENOVAL 2 programme, seeks to reinforce Spain’s leadership position in clean technologies. Spain has manufacturing capacity for more than 60% of the components as far as the solar value chain is concerned, the ministry stated.
The RENOVAL 2 programme will allow all projects which have been awarded funding somewhere around 48 months to carry out the construction.
Second edition underfunded
The Spanish government designated €355 million for RENOVAL 2 earlier in 2026, but the programme gave out nearly €300 million in its first edition and a sum roughly equivalent to 50% of €300 million in the second edition.
In 2025, solar PV manufacturing alone secured more funding as opposed to all the technologies grouped together in RENOVAL 2, thereby covering close to the whole supply chain.
The funds will be made available by means of the recovery and resilience plan – PRTR under NextGenEU, which is designed to incentivize the manufacturing of components and equipment for solar panels, batteries, and wind as well as electrolysers, among other forms of technology.