Fast-Track support for Strategic Investments in Portugal
Developing large-scale projects in Portugal can be a complex journey, requiring coordination across multiple stages and entities. However, securing Portuguese Important Project (PIN) or Investment Project for the Interior (PII) status unlocks a powerful advantage—streamlining approvals and accelerating progress.
With direct support from key governmental bodies such as APA, CCDR, Floene, REN, and others, investors benefit from: ✔ Priority in licensing – ensuring faster approvals ✔ Simultaneous administrative processing – cutting through bureaucracy ✔ Significant reduction in timelines – getting projects off the ground quicker
For those looking to invest in Portugal, PIN/PII status is the key to unlocking efficiency and success.
The Commission will double the funding available for the next call
The Innovation Fund's third call for large-scale projects will be reinforced by REPowerEU to further support the EU's independence from Russian fossil fuels. The next call for large-scale projects is expected to open in early November.
With a funding rate of 60%, the European Commission supports projects that demonstrate highly innovative technologies, processes or products with significant potential to reduce greenhouse gas emissions, such as the following sectors:
Production and use of renewable energy;
Carbon capture, use and storage;
Energy storage;
Substitute products for Energy Intensive Industries.
In addition to the sectors mentioned above, REPowerEU will support:
Innovative electrification and hydrogen applications in industry;
Innovative clean tech manufacturing (such as electrolysers and fuel cells, innovative renewable equipment, energy storage or heat pumps for industrial uses);
Mid-sized pilot projects for validating, testing and optimising highly innovative solutions.
Public and private entities and international organizations belonging to the member states of the EU, Norway or Iceland can apply independently or in a consortium, and with an investment of more than EUR 7.5 M.
Projects will be evaluated on their degree of innovation, financial and technical maturity, expansion potential and cost efficiency.
