EUR 6 billion aid scheme for renewable hydrogen in Italy approved
The European Commission has approved, a EUR 6 billion Italian scheme to support the production of renewable hydrogen for the transport and industrial sectors. The scheme will contribute to the development of renewable hydrogen production capacity in line with the objectives of the EU Hydrogen Strategy and the Clean Industrial Deal.
The aid will take the form of two-way contracts for difference and will run until 31 December 2029.
The Commission found that the aid is necessary and appropriate to facilitate the production of renewable hydrogen for the decarbonisation of the transport and industrial sectors. It concluded that the aid has an incentive effect, isproportionate and will bring about positive effects, in particular on the environment, that outweigh the negative effects on competition.
For more information, see Commission’s PR.