The European Commission said that the EU competition regulator is considering amending the state aid law to allow EU countries to subsidize up to 100% of renewable Solarpower energy projects, as the EU is seeking to achieve ambitious green goals.
The proposed changes are part of the European Union’s executive agency’s revision of its Climate, Energy and Environment State Assistance Guidelines (EEAG), which is expected to be adopted by the end of this year.
"Europe will need a lot of sustainable investment. Although a large part of it will come from the private sector, public support will play a role in ensuring that the green transition takes place quickly," European Competition Commissioner Margrethe Vestager said in a statement.
The EU executive stated that the revised rules will allow EU countries to introduce new aid tools and projects in clean transportation, building energy efficiency and biodiversity, and they can also be fully funded by EU countries.
EU countries will have to negotiate with all stakeholders on subsidy projects as one of several safeguards to ensure that state aid is effective and limited to what is needed.
As long as it meets the EU's climate goals for 2030 and 2050, the revised rules will cover new investments in natural gas.
Interested parties must provide feedback before August 2, and the European Commission will make a final decision based on the relevant feedback information and the actual situation.
-
10kw Home Solar System-Trinidad and TobagoAre you tired of constantly worrying about rising electricity bills ? Look no further! Our solar power systems are the perfect solution for you. Just ask our satisfied customer from Trinidad and Tobago, who recently purcDo you like ?0
Read more -
Village in the mountains with solar system“We have to go back and forth several hundred meters to fetch water from the mountain every day,” a villager told us. "Our village has been living in the mountains for generations. Travel is not that convenient, and water and electricityDo you like ?0
Read more -
100KW Commercial Solar Power Will Be Soon In Nigeria HotelDavid, a Nigerian resident living in Guangzhou, China, has become a true "China expert" after spending 20 years in the country. His family in Nigeria operates 15 hotels, and David is responsible for procuDo you like ?0
Read more -
Let factories use electricity for freeThe Philippines has abundant sunshine, and the solar system can start generating electricity at 6.30 in the morning and stop generating electricity at around 17.30 in the afternoon. The peak power generation is between 10.00 and 15.00. A cusDo you like ?0
Read more -
5KW Off-grid Solar Setup In Congo HospitalWith Mars solar off-grid solar setup, a hospital from democratic republic of the Congo now harnessing the power of the sun to run medical appliances. Here are some highlights of Mars off-grid solar system's funDo you like ?0
Read more -
Mars Half-Cell Solar Panel Vs Another Half-Cell Solar PanelTOPCon half-cell solar panels have the following features: 1. High efficiency: TOPCon’s silicon wafer efficiency can reach up to 25.2%, which is 2% higher than other solar panels. It is expected that by the second half of 2023, TOPCon can reach 26Do you like ?0
Read more
