EU clears state aid for green plants in Latvia

The European Commission has approved state aid to support renewable energy and cogeneration power plants in Latvia built between 2007 and 2012. The nation notified its existing scheme to the […]

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By Priyanka Shrestha

The European Commission has approved state aid to support renewable energy and cogeneration power plants in Latvia built between 2007 and 2012.

The nation notified its existing scheme to the Commission in 2015, which provides support to renewable operators with a levy on consumer bills.

Latvia reviewed the support mechanism to ensure the beneficiaries are not overcompensated and aid is limited to the minimum necessary to achieve the scheme’s objectives.

The Commission found the support scheme promoted the deployment of the technologies without distorting the market.

It added: “In order to remedy any possible past discrimination against foreign green electricity stemming from the financing of the support scheme, Latvia has committed to invest in projects favouring integration with the European electricity market.”