US EditionBrussels Greenlights $3.4 Billion Spanish State Aid for Highly ...
- The European Commission has approved a 3.1 billion euro state aid scheme in Spain to support efficient electricity production from power plants, announced on January 28.
- The aid will assist new or refurbished combined heat and power plants using natural gas, bioliquids, biogas, and solid biomass.
- Natural gas projects must utilize at least 10% renewable hydrogen to reduce dependence on fossil fuels, as part of the EU's climate goals.
- This Spanish scheme, lasting 10 years, compensates operators for investments and operating costs based on calculations updated quarterly.
13 Articles
13 Articles
The aid to cogeneration in Spain has received the final endorsement of the European Commission, which has approved a public programme of EUR 3.1 billion aimed at boosting the production of electricity in new or deeply renovated plants considered to be of “high efficiency”. Aid to cogeneration in Spain: what has Brussels approved and why? The plan approved by the European Commission will support for ten years new cogeneration plants and deep reno…
The European Commission has approved the Government's plan to subsidize the improvement of cogeneration plants using natural gas with EUR 3.1 billion. Brussels, being State aid, has to assess first whether or not they affect the proper functioning of the market.The Government has decided to support the production of electricity in high-efficiency cogeneration plants, which is interpreted as part of the energy policy after last year's massive bla…
The European Commission approved on Wednesday a program of 3.1 billion euros in public aid proposed by Spain to support the production of electricity in new or "substantially renewed and highly efficient cogeneration plants", the institution reported in a statement.The scheme, which has a duration of ten years, will support technologies and projects that allow the production of electricity in energy "high efficiency" facilities through natural g…
Brussels greenlights $3.4 billion Spanish state aid for highly efficient power
MADRID, Jan 28 (Reuters) - The European Commission has approved a 3.1 billion euro ($3.4 billion) Spanish state aid scheme to support electricity output from highly efficient power plants, it said on Wednesday, amid an EU push to cut greenhouse gas em...
Commission approves €3.1 billion Spanish State aid support for cogenerated electricity - The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com European Union News
(Credit: Unsplash) This article is brought to you in association with the European Commission. The European Commission has approved, under EU State aid rules, a €3.1 billion Spanish scheme to support the production of electricity from new or substantially refurbished highly efficient combined heat and power (‘CHP’) plants. The measure will contribute to the implementation of Spain’s National Energy and Climate Plan, the Clean Industrial Deal and…
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