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.
European Commission makes available EUR 100 M for innovative clean technology projects
The 2nd call of Innovation Fund Small-Scale Projects is now open. It’s the largest funding programs to develop projects, up to 3-10 years, that demonstrate highly innovative technologies, processes or products with significant potential to reduce GHG emissions, specifically in the following sectors:
Production and use of renewable energy;
Carbon capture, use and storage;
Energy storage;
Substitute products for Energy Intensive Industries.
An incentive will be available up to 60% of the relevant costs. The budget is EUR 100 M for small-scale projects, i.e. projects with a capital investment between EUR 2.5 M and EUR 7.5 M, with EUR 2 M being made available for technical assistance for project improvement (PDA).
The call is open for projects from all EU Member States, Iceland and Norway until August 31st 2022.
Projects will be evaluated against their potential to avoid GHG emissions, their innovation, their financial and technical maturity, their potential for scaling up and their cost efficiency.
