Introduces a €3 billion scheme to support private investments in transition to a net-zero economy
19 Jul 2023
On 19 July 2023, the European Commission approved a €3 billion State aid scheme by Germany to support private investments in strategic goods essential for the transition to a net-zero economy. The aid will be provided through direct grants, tax advantages, subsidized loan interest rates, or loan guarantees. It targets companies producing key equipment, including batteries, solar panels, wind turbines, heat pumps, electrolysers, carbon capture technology, and related raw materials. Aid is capped at 15 to 20 per cent of eligible costs, with limits of €150 million to €200 million per company, and must be retained for at least five years. The support will be available until 31 December 2025. The scheme aligns with the Green Deal Industrial Plan.
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Type:
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Promotion and facilitation (Investment incentives)
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Industry:
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Not industry specific (SDG)
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Primary (Mining and quarrying)
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Manufacturing (Other manufacturing)
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Sources:
