According to eldiario.es, a Spanish online newspaper, the Spanish government has asked the European Investment Bank (EIB) to give financial guarantees for long-term fixed-price renewable energy supply contracts, known as Power Purchase Agreements (PPAs).
Spain, which has established itself as Europe's frontrunner in the PPAs market over the last two years, is attempting to promote this tool across Europe to help the economy decarbonize and assist the industry development.
As the ongoing gas crisis pushed up electricity prices, Spain’s major industrial firms are looking forward to EU’s approval of the financial instrument, while also asking for other urgent measures.
