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ARTICLE · 30 MAY 2024

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State Aid - Horizon Scanner: Infrastructure, Construction, Energy, May 2024

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The European Commission approved a €2.2 billion German scheme to support investment in the decarbonisation of industrial production processes in Germany.

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DECARBONISATION OF INDUSTRIAL PROCESSES

The European Commission approved a €2.2 billion German scheme to support investment in the decarbonisation of industrial production processes in Germany. The scheme was approved under the State aid Temporary Crisis and Transition Framework and will be open to companies that currently rely on fossil fuels for their production processes. Eligible projects must reduce emissions by at least 40%. Further information can be found here.

ELECTRIC VEHICLE PLANT

The Commission found that Slovakia's €267 million measure in favour of Volvo Cars is in line with EU State aid rules. The plant is expected to have an initial capacity of approximately 250,000 electric vehicles per year. Further information can be found here.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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