The European Commission has approved a €590 million state aid scheme in Bulgaria to support investments in energy storage facilities, accelerating the country's transition to a net-zero economy.
The European Commission has approved a €1 billion Portuguese scheme to support investments for the production of equipment necessary to foster the transition towards a net-zero economy.
EU has approved a €10.82 billion French scheme to support the deployment of offshore wind energy, which will help foster the transition towards a net-zero economy.
The European Commission has approved a €4 billion French State aid scheme designed to support the decarbonization of the manufacturing sector.
EC has given the green light to a €900 million French initiative aimed at bolstering companies investing in biomass and renewable hydrogen for energy and fuel production.
The European Commission has approved a €1 billion Slovak scheme to support investments for the equipment production necessary to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan.
The European Commission has approved a €2.36 billion (approximately HUF 880 billion) Hungarian scheme for accelerated investments in strategic sectors to foster the transition towards a net-zero economy.
The European Commission has approved a €1.1 billion Hungarian scheme to support electricity storage facilities to foster the transition to a net-zero economy. The scheme was approved under the State Aid Temporary Crisis and Transition Framework, adopted by the Commission on 9 March 2023 to support measures in sectors that are key to accelerating the green transition and reducing fuel dependencies in the context of Russia's war against Ukraine.
A significant portion of EU grants is allocated to support sustainable initiatives, further driving the rise in these types of loans.
Polish energy group Orlen announced that its subsidiary, Energa Operator, has secured a €1.8bn loan to modernize the power grid, preparing it for the integration of renewable energy sources.
OMV Petrom announced the commencement of construction for a production unit dedicated to sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.
The European Investment Bank (EIB) is providing a €240 million loan to Slovakia for co-funding of EU-supported green and digital projects across the country.
In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has signed agreements with Air Liquide to develop two projects in the Netherlands.
