The EU Commission approves a €2.27 billion Greek aid scheme to support electricity production from renewable energy sources and high efficiency combined heat and power

State aid: Commission approves €2.27 billion Greek aid scheme to support electricity production from renewable energy sources and high efficiency combined heat and power* The European Commission has approved, under EU State aid rules, a €2.27 billion Greek scheme for the production of electricity from renewable sources and high efficiency combined heat and power (CHP). The measure will help Greece reach its renewable energy targets, without unduly distorting competition, and will contribute to the new European objective of achieving climate neutrality by 2050. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “This Greek scheme will provide important support to a wide range of technologies generating electricity from renewable energy sources, in line

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European Commission, The EU Commission approves a €2.27 billion Greek aid scheme to support electricity production from renewable energy sources and high efficiency combined heat and power, 24 novembre 2021, e-Competitions November 2021, Art. N° 103774

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