The European Commission has given the inexperienced mild to a €1.2 billion ($1.3 billion) state help program in Poland that gives direct grants to firms that make photo voltaic panels, batteries, warmth pumps, and different part renewable tools.

Image: Guillaume Périgois, Unsplash

The European Commission has accepted a €1.2 billion scheme to assist investments in renewable tools in Poland.

The help will present direct grants to Polish firms that manufacture batteries, photo voltaic panels, wind generators, warmth pumps, electrolyzers, and carbon seize tools. It can even assist firms that produce parts or uncooked supplies wanted for the manufacturing of renewable tools.

Support beneath the package deal shall be supplied no later than the top of 2025.

Margrethe Vestager, the European Commission’s govt vice-president in command of competitors coverage, mentioned the funding is in keeping with the goals of the Green Deal Industrial Plan and the EU’s local weather neutrality goal.

“At the identical time, distortions of competitors stay restricted,” Vestager added.

The fee mentioned the state help program was accepted beneath the European Commission’s Temporary Crisis and Transition Framework (TCTF), which was adopted in March 2023 and gives help to EU member states to facilitate their transition. of inexperienced power.

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