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EU Approves €3 Billion German Cleantech Manufacturing Aid Scheme

Source：taiyangnews

Key Takeaways

  • The European Commission has approved Germany’s €3 billion cleantech manufacturing state aid scheme
  • Backed under the CISAF, it supports expansion of manufacturing capacity for net-zero technologies including solar and related critical raw materials
  • Aid will be offered through grants, tax incentives, and interest subsidies or guarantees for new loans, available until December 31, 2030

There is good news for the German renewable energy industry as the government’s €3 billion cleantech manufacturing state aid scheme has been approved by the European Commission. The commission found the scheme “necessary, appropriate and proportionate” to accelerate the bloc’s transition towards a net-zero economy,  aligned with the Clean Industrial Deal.   

Approved under the Clean Industrial Deal State Aid Framework (CISAF), the scheme aims to provide financial support for investments that expand manufacturing capacity for net-zero technologies and their key components, including solar and wind power, batteries, heat-pumps, electrolyzers and carbon capture usage and storage.

Support will also be available for the production of new or recovered related critical raw materials necessary for their production.

The aid will be provided in the form of grants and tax, interest subsidies for new loans or guarantees for new loans, till December 31, 2030.

“This scheme will ensure additional clean technology manufacturing capacity in Germany,” said Executive Vice-President for Clean, Just and Competitive Transition

Teresa Ribera. “The German state can provide €3 billion in support for key investments in the sector. This will contribute to reaching the goals of the Clean Industrial Deal, while ensuring that potential competition distortions are kept to a minimum.”