The Government of the Balearic Islands, through the Department of Economic Model, Tourism and Labour, has today launched a new call for aid for energy improvement projects in tourist establishments. In total, with this measure, which aims to increase the competitiveness of tourism companies in terms of energy efficiency, the archipelago will have a total of 12.7 million euros available for these grants, which will be financed by Next Generation funds.
As specified in the call for applications, the grants can be applied for from 7 November until 7 February 2023, with funding of between 20 and 50% of the cost of the project, and will be used to finance projects to improve the energy efficiency of the thermal envelope, as well as the use of renewable energies, as well as the use of renewable energies in thermal installations for heating, air conditioning, cooling, ventilation and domestic hot water and lighting installations in tourist accommodation, within the framework of the Recovery, Transformation and Resilience Plan, financed by the European Union Next Generation EU.
Call for aid to improve the energy efficiency
This Plan was conceived as a project that outlines the roadmap for the modernisation of the Spanish economy, the recovery of economic growth and job creation after the COVID-19 crisis, as well as to prepare the country to face the challenges of the future.
Thus, within the general objective of reducing the pressure of tourism on the territory and the environment, this measure aims to increase the competitiveness of tourism companies by incorporating high standards in energy efficiency and circular economy, in order to reduce their carbon footprint and energy costs.