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- AnalysisAnalysis
Slovakia will use €1 billion in grants and tax incentives to expand clean technology manufacturing
The scheme supports net zero technologies such as batteries, solar panels, wind turbines, heat pumps, electrolyzers and carbon capture
Aid will be available to SMEs and large companies investing in eligible projects until the end of 2030
The European Commission has approved Slovakia’s €1 billion state aid scheme which the country plans to use to support clean technology manufacturing, aligned with the Clean Industrial Deal.
The scheme will incentivize production of clean technologies along with their main specific components and related critical raw materials. Brussels said the scheme will support strategic projects for batteries, solar panels, wind turbines, heat-pumps, electrolyzers, and carbon capture usage and storage, in line with the Net Zero Industry Act (NZIA).
It found the scheme necessary, appropriate and proportionate to accelerate the bloc’s transition towards net-zero economy.
Approved under the Clean Industrial Deal State Aid Framework (CISAF), the scheme will offer aid in the form of grants and income tax relief to ensure there is sufficient manufacturing capacity for clean technology in Slovakia.
It is open to small, and medium-sized enterprises and large enterprises carrying out related investments. The state aid under the scheme may be granted until December 31, 2030.
“The scheme approved today will provide €1 billion to boost cleantech manufacturing capacity in Slovakia. The different forms of aid possible under this scheme will provide companies with the necessary flexibility to most effectively make key investments in the coming years,” said Teresa Ribera, Executive Vice-President for Clean, Just and Competitive Transition.
In 2024, Japanese perovskite solar cell company Sekisui Chemical was exploring the potential of manufacturing flexible solar panels in Slovakia (see Slovakia Seeking Japanese Support For Solar Module Production).
Recently, the commission also approved €100 million state aid scheme for cleantech manufacturing in Austria following similar approvals for Germany, Greece, and Luxembourg (see EU Approves €100 Million Austria Cleantech Scheme).
