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.
A non-refundable incentive will be available up to 60% of the relevant costs
The Innovation Fund's 2nd call for large-scale projects is now open. The program aims to support, on a large scale, projects, up to 48 months, that demonstrate highly innovative technologies, processes or products and 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.
A non-refundable incentive will be available up to 60% of the relevant costs (OPEX/CAPEX). The budget is EUR 1.5 billion, with EUR 2 million being made available for technical assistance for project improvement (PDA).
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 potential to avoid GHG emissions, innovation potential, financial and technical maturity, expansion potential and cost efficiency.
The deadline for submitting applications is March 3rd, 2022, with only one stage for submitting applications, unlike the previous year.
