June 15, 2023: The European Fee mentioned on June 9 that it authorised a €150 million ($163 million) state assist scheme to develop battery storage and renewables in Slovenia.
This follows a collection of latest approvals for EU member states to help tasks associated to battery storage, amid issues that the bloc is lagging behind the US and Asia in investments.
Slovenia plans to offer particular person grants of as much as €25 million per beneficiary to encourage funding within the improvement of unpolluted power tasks.
The help package deal was authorised below the EU’s momentary state assist disaster and transition framework, designed to encourage the creation of apparatus for the transition in the direction of a net-zero economic system.
On March 21, the European Fee mentioned it authorised Romania’s plans for a €103 million assist package deal to broaden power storage within the nation.
Final month, the Fee introduced the approval of a €837 million assist scheme in Spain to finance battery manufacturing.
The EUROBAT convention in Madrid was advised on June 7 that Europe’s potential place as a significant participant in power storage is at a essential stage – within the face of $369 billion in tax credit from the US below the This 12 months’s Inflation Discount Act is unmatched by something comparable from the EU.
