EMEA > Europe > Spain wins EU nod for €9 bln electricity backup scheme

Spain wins EU nod for €9 bln electricity backup scheme

Published 16:56 on May 29, 2026 / Last updated at 16:56 on May 29, 2026 / / EMEA (Europe), Net Zero Transition (Industrial Decarbonisation, Investment, Reporting & Disclosure, Power/Electrification)

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The European Commission has cleared Spain’s plan to spend up to €9 billion over ten years on a capacity mechanism to safeguard electricity security, a move campaigners say will be a key test of whether Madrid backs clean flexibility or prolongs gas-fired power after a major blackout last year.
The European Commission has cleared Spain’s plan to spend up to €9 billion over ten years on a capacity mechanism to safeguard electricity security, a move campaigners say will be a key test of whether Madrid backs clean flexibility or prolongs gas-fired power after a major blackout last year.


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