You are here

EU clears aid for renewable energy projects in Luxembourg, Malta

Friday, August 26, 2016 - 18:14

20_39088699 - 15_07_2016 - FRANCE-NICE-ATTACKS-EU.jpg
The European Commission said on Friday it had cleared government support for renewable energy projects in Luxembourg and Malta, saying the schemes did not unduly distort competition.

[BRUSSELS] The European Commission said on Friday it had cleared government support for renewable energy projects in Luxembourg and Malta, saying the schemes did not unduly distort competition.

The Maltese scheme makes available 140 million euros (S$213.7 million) between 2016 and 2020 to support producers of solar and onshore wind energy.

Luxembourg earmarked 150 million euros for the same time period to aid operators of wind, solar, biogas, hydropower and biomass installations. "The Commission found that the measures will encourage the deployment of renewable electricity installations and help Luxembourg and Malta achieve their 2020 renewable energy targets," the Commission said in a statement.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom