The European Commission has approved a €1bn Portuguese scheme to support investments for the production of equipment necessary to foster the transition towards Net Zero.
The scheme was approved under the State aid Temporary Crisis and Transition Framework (TCTF).
The measure will be open to companies producing relevant equipment, including electrolysers and equipment for carbon capture usage and storage (CCUS).
Margrethe Vestager, Executive Vice-President in charge of competition policy, said the aid was in line with the objectives of the Green Deal Industrial Plan and the EU’s climate neutrality target.
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