Energy leads recovery applications with 11 projects, €4.22B

  • Lusa
  • 3 December 2021

With 11 projects and a total investment of €4.221 billion, the country's energy, hydrogen and lithium sector leads the applications for the Green and Mobilising Agendas.

Portugal’s energy, hydrogen and lithium sector leads the applications under the Recovery and Resilience Plan (RRP) for the Green and Mobilising Agendas, with 11 projects and a total investment of €4.221 billion.

The Mobilising Agendas and Green Agendas for Business Innovation are RRP investments, financed by European funds from the main extraordinary instrument of the response of the European Union to the pandemic, the Next Generation EU.

The allocation for state support, in the form of grants, is €930 million.

A total of 64 projects have been shortlisted, totalling €9.7 billion.

The agri-food sector and economy of the sea presented six projects, totalling an investment of €1.18 billion, followed by the area of railways, transport, mobility and logistics, with seven projects, totalling €852 million.

Also with seven applications is the automotive, aeronautics and space sector, with a total investment of €813 million.

Health, tourism, cultural and creative industries (and audiovisual) has a total of 10 projects, for a total investment of €635 million, followed by production materials and technologies (seven projects in an investment of €610 million), construction and habitat (six applications and €560 million) and footwear, textiles and clothing (six applications, totalling €494 million).

Finally, the area of blockchain, AI (artificial intelligence) and microelectronics submitted four applications, totalling €401 million in investment.

According to the ministry of economy, the joining of efforts between the business fabric and the scientific and technological system in Portugal resulted in a record number of 144 expressions of interest for the development of projects, under the Mobilising Agendas and Green Agendas for Business Innovation, with this first phase taking place between July and September.

Of this total, 64 consortia were pre-qualified, involving more than 1,700 entities, including companies, research centres and higher education institutions, for the presentation of their projects, with a view to significantly increasing the competitiveness and resilience of the country’s economy.

The presentation of pre-qualified projects takes place between today and Friday at the Cruise Terminal of the Port of Leixões and can be followed online via the government’s social networks, according to the ministry.

Of the total pre-qualified applications, 49 (77%) are Mobilising Agendas and 15 (23%) are Green Agendas.

Of these, 30 (47%) are Innovation Pacts and 34 (53%) are Mobilising Projects.

More than a third (35%) are related to industries and production technologies, 32% to transversal technologies and their applications, 13% are related to mobility, space and logistics, 11% to natural resources and environment, and 9% to health, well-being and territory.

The Mobilising and Green Agendas for Business Innovation, according to the ministry, aim to speed up the structural transformation of the Portuguese economy, increasing its specialisation profile, through the formation of solid and structuring consortiums that guarantee the development, diversification and specialisation of national value chains, pursuing objective goals in terms of exports, qualified employment and investment in R&D.

The Green Agendas aim to foster the circular economy and leverage the development of new solutions that respond to the challenge of climate change towards energy transition and carbon neutrality.