Renewable energies: 16.370 billion euros and 280,000 jobs
The Strategic Project for the Recovery and Economic Transformation (PERTE) for Renewable Energies, Renewable Hydrogen and Storage (ERHA) was approved by the Council of Ministers on 14 December. It plans to invest 16.37 billion euros, with the creation of up to 280,000 jobs, both direct and indirect.
- The public sector contribution will be 6.92 billion euros.
- Private investment will contribute 9.45 billion euros.
This is the third PERTE formally presented by the Government, following those for electric vehicles and health. It focuses on one of the core areas for European funds, the Energy Transition and progress towards net-zero carbon by 2050. This is a strategic objective for the EU that will account for 40% of the NextGeneration funds.
Submissions will be invited and projects will be awarded in 2022 and 2023. They are expected to be implemented between 2023 and 2026. The first programmes were launched in a preliminary way in 2021, through four calls worth more than 500 million euros: