BRUSSELS, July 20 (Reuters) – The European Commission on Wednesday relaxed state aid rules for renewable energy and decarbonisation programs aimed at reducing the European Union’s dependence on Russian energy.
The EU executive, which acts as the competition authority in the 27 countries of the European Union, said governments would also be allowed to award up to 500,000 euros ($511,650) in aid to companies affected by the sanctions against Russia, compared to 400,000 euros previously.
Companies in the agricultural sector can also apply for state aid up to 62,000 euros and those in the fishing sector up to 75,000 euros, against a previous ceiling of 35,000 euros.
Renewable energy projects can be renewable hydrogen, biogas and biomethane, storage and renewable heat, the Commission said. He said looser state aid rules would allow EU countries to set up new tender-based systems for decarbonisation projects or directly support projects without tenders. of offers.
($1 = 0.9772 euros)
(Reporting by Foo Yun Chee)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.