EUR 150 million Romanian State aid scheme for electricity storage approved by Commission
The measure is approved under the Clean Industrial Deal State Aid Framework (CISAF) as part of the Clean Industrial Deal and aims to accelerate the transition to a net-zero economy while enhancing electricity supply security and resilience.
It is financed by the EU Modernisation Fund and provides direct investment grants with beneficiaries selected through competitive tenders and aid to be granted until 31 December 2030.
The Commission found the measure necessary, appropriate and proportionate to accelerate the EU´s net-zero transition and facilitate the development of certain economic activities.
For more information, see Commission´s PR.