Spain’s PM says energy-intensive industries to save 200 million euros

3/20/2026 3:31:19 PM

With rising prices, Spain’s Prime Minister Pedro Sanchez announced that energy-intensive industries will save 200 million euros ($231bn) under new measures.

He said Spain will implement massive income tax deductions for investments in renewable energy projects, and he agreed to pass a second decree to temporarily freeze rental prices, providing relief to households facing rising living costs amid the energy crisis.
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