Transition to Net-Zero Economy: EUR 960 million Czech State Aid Scheme Approved
Today, the European Commission (Commission) has approved a EUR 960 million State aid scheme to support investments in strategic sectors in the Czech Republic. The scheme contributes to the objectives of the Clean Industrial Deal and fosters the transition to a net-zero economy.
The scheme aims to support investments in producing strategic equipment, including batteries, solar panels, wind turbines, heat pumps, electrolysers, and carbon capture technology, along with essential components and raw materials needed for their manufacturing. It takes the form of direct grants and is accessible to undertakings of all sizes.
The Commission approved the scheme under the State aid Temporary Crisis and Transition Framework (TCTF), finding it necessary, appropriate and proportionate to accelerate the green transition. Moreover, it complies with the conditions established in the TCTF, including respecting the maximum aid ceilings and incentivising the production of relevant equipment for the transition to a climate neutral economy.
For more information, see the Commission’s PR.