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Europe Daily Bulletin No. 13319

22 December 2023
Contents Publication in full By article 16 / 43
ECONOMY - FINANCE - BUSINESS / Competition
European Commission authorises €17.7 billion Italian scheme to support construction of electricity storage facilities
Brussels, 21/12/2023 (Agence Europe)

On Thursday 21 December, the European Commission announced that it had authorised an Italian aid scheme worth €17.7 billion to support the construction of facilities to store surplus electricity during periods of overproduction. These facilities will have a combined capacity of more than 9 GW/71 GWh. The measure should contribute to achieving the objectives of the European Green Deal and the ‘Fit for 55’ package.

Aid will reach recipients in the form of annual payments covering...

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Op-Ed