June 15, 2023: The European Fee stated on June 9 that it has permitted a €150 million ($163 million) state support scheme to develop battery storage and renewables in Slovenia.
This follows a collection of latest approvals for EU member states to help initiatives associated to battery storage, amid issues that the bloc is lagging behind the US and Asia in investments.
Slovenia plans to supply particular person grants of as much as €25 million per beneficiary to encourage funding within the growth of fresh vitality initiatives.
The help package deal was permitted beneath the EU’s non permanent state support disaster and transition framework, designed to encourage the creation of apparatus for the transition in direction of a net-zero financial system.
On March 21, the European Fee stated it permitted Romania’s plans for a €103 million support package deal to broaden vitality storage within the nation.
Final month, the Fee introduced the approval of a €837 million support scheme in Spain to finance battery manufacturing.
The EUROBAT convention in Madrid was informed on June 7 that Europe’s potential place as a significant participant in vitality storage is at a crucial stage – within the face of $369 billion in tax credit from the US beneath the This yr’s Inflation Discount Act is unmatched by something comparable from the EU.