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Europe Daily Bulletin No. 13218

8 July 2023
Contents Publication in full By article 17 / 25
ECONOMY - FINANCE - BUSINESS / State aid
European Commission authorises Spanish aid of €350 million to support electricity storage facilities
Brussels, 07/07/2023 (Agence Europe)

On Friday 7 July, the European Commission authorised a Spanish State aid scheme worth €350 million, to be financed via the ‘Recovery and Resilience Facility’ (RRF) of the Next Generation EU European Recovery Plan, to support the construction and operation of electricity storage facilities.

The aid will support the construction of electricity storage facilities intended to be connected to the transmission or distribution network with a joint maximum capacity of around 1,000 MW.

The...

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