ARTICLE · 17 OCTOBER 2024

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

Arthur Cox

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The European Commission approved a €682 million Belgian scheme to support renewable offshore wind energy to foster the transition towards a net-zero economy.

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OFFSHORE WIND ENERGY

The European Commission approved a €682 million Belgian scheme to support renewable offshore wind energy to foster the transition towards a net-zero economy. The scheme was approved under the State aid Temporary Crisis and Transition Framework. The measure will support the construction and operation of the first offshore windfarm in the Princess Elisabeth Zone in the North Sea. The aid will be granted on the basis of a bidding process. The aid will take the form of a monthly variable premium under a two-way contract for difference. Further information can be found here.

STRATEGIC SECTORS TO FOSTER GREEN TRANSITION

The European Commission approved a €1.2 billion Polish scheme to support investments in strategic sectors to foster the transition towards a net-zero economy. The scheme was approved under the State aid Temporary Crisis and Transition Framework. Under the scheme, the aid will take the form of direct grants. The scheme will be open

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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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