12/07/2024 (Agence Europe) – On Friday 12 July, the European Commission announced that it had authorised, under the crisis and transition framework, a Finnish scheme worth €200 million to support the production of so-called “renewable” fuels of non-biological origin and the deployment of energy storage. The aid will take the form of direct subsidies and will be granted no later than 31 December 2025. The aid intensity must not exceed 45% of the investment costs of the projects. The measure, partly financed by the Recovery and Resilience Facility, the main instrument of the European Recovery Plan, NextGenerationEU, will be aimed at all sectors, with the exception of the financial sector. (EV)