January 21
2021
Anjum Shabbir
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11th January 2021
Competition & State Aid

State aid : Commission approves Spanish support scheme for energy-intensive companies

The European Commission has, under EU State aid rules (including the Guidelines for environmental protection and energy), approved a Spanish scheme to partially compensate energy-intensive companies for costs relating to renewable energy production, high-efficiency cogeneration, and power generation.

The scheme will apply until 31 December 2022 and will have a provisional annual budget of 91.88 million euros.

The Commission granted approval on the basis of its findings that:

the compensation will only be granted to energy intensive companies exposed to international trade, in line with the requirements of the Guidelines; and the measure will promote the EU energy and climate goals and ensure the global competitiveness
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