The EU has approved a €400 million support scheme aligned with the Net Zero Industry Act to strengthen clean technology manufacturing
Greece will provide support through direct grants and tax incentives under CISAF till December 31, 2030
The scheme covers technologies such as solar panels, wind turbines, heat pumps, electrolyzers, and carbon capture usage and storage
The European Commission has approved a €400 million Greek scheme to support clean technology manufacturing in the country, in alignment with the Net Zero Industry Act (NZIA). This includes solar panels, wind turbines, heat pumps, electrolyzers, and carbon capture usage and storage.
The commission found the scheme necessary, appropriate, and proportionate to accelerate the country’s transition towards transitioning the country towards net-zero economy. It approved the scheme under the Clean Industrial Deal State Aid Framework (CISAF).
Greece will be able to support such projects via direct grants and tax advantages to incentivize the domestic production of clean technologies, their specific components and related critical raw materials. The aid will be available to companies across the country till December 31, 2030.
“The Greek state can provide €400 million in support for key investments in the sector, using a range of different measures,” said Teresa Ribera, Executive Vice-President for Clean, Just and Competitive Transition. “This new manufacturing potential will contribute to reaching the goals of the Clean Industrial Deal, while ensuring that potential competition distortions are kept to a minimum.”
Earlier this month, the EU cleared Germany’s state aid plan for clean technology manufacturing under the Clean Industrial Deal framework (see EU Approves €3 Billion German Cleantech Manufacturing Aid Scheme).
