Commission approves EUR 1.1 billion French State aid scheme to support cleantech manufacturing capacity
The Commission has approved a EUR 1.1 billion French aid scheme to support strategic investments that expand clean technology (cleantech) manufacturing capacity, in line with the objectives of the Clean Industrial Deal and the EU’s transition to a net-zero economy.
The scheme was approved under the Clean Industrial Deal State Aid Framework (CISAF) and is the eighth cleantech manufacturing capacity measure cleared under this framework, bringing total approved support to over EUR 10 billion. It will incentivise investments in additional production capacity for net-zero technologies such as solar, onshore and offshore wind, heat pumps and batteries, as well as key components and related critical raw materials. The aid will take the form of a tax credit, be available across France, and may be granted until 31 December 2028.
Commenting on the decision, Teresa Ribera, Executive Vice-President for Clean, Just and Competitive Transition, said: “This scheme of over EUR 1 billion will ensure additional clean technology manufacturing capacity in France. The tax credits granted under this scheme will help companies make key investments in the coming years, while keeping any potential distortions of competition to a minimum.”
For more information, see the Commission’s PR.