State Aid
The use of coal for the production of electricity will have to be phased out by 2038 under German law
The state aid will support the construction of two floating offshore wind farms in the Gulf of Lion
The measure will enable ProLogium Technology to develop a new generation of solid-state batteries
It will cover part of the higher electricity prices arising from the impact of carbon prices on power generation costs, i.e. indirect emission costs, incurred between 2021 and 2030
The measure will be open to companies active in the primary agricultural production sector that have been affected by the increase in energy prices, fertilisers and other raw materials
Under the measure, the aid will take the form of direct grants for additional costs due to severe increases in natural gas and electricity prices
Under the Temporary Crisis Framework, the public support will provide limited amounts of aid, not exceeding €400,000 per beneficiary, in light of Russia’s invasion of Ukraine
The plant will have an annual capacity of 30 GWh and is expected to create at least 1,900 direct jobs
The new plant is expected to supply batteries for more than 295,000 EVs every year in the European Economic Area
Companies hit by rising gas and electricity prices could reportedly get state aid