EC approves Romanian state aid of EUR 259m for batteries, PV

The European Commission (EC) today cleared, under EU State aid rules, Romania’s plan to provide EUR 259 million (USD 278m) in state aid to support investments in the production, assembly and recycling of batteries, solar photovoltaic (PV) cells and panels.

The government of Romania intends to provide direct grants to companies involved in the production, assembly and recycling of batteries and PV cells and panels, located in areas eligible for regional aid.

The scheme, which will run until the end of 2024, will be partially financed through the Recovery and Resilience Facility (RRF).

The EC said it found that the measure contributes to the nation’s regional development and that it is needed for the development of areas included in its regional aid map. Furthermore, it has limited negative effects in terms of distortion of competition and impact on trade between Member States.

(EUR 1.0 = USD 1.073)

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