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Image header Agence Europe
Europe Daily Bulletin No. 13513
ECONOMY - FINANCE - BUSINESS / State aid

Greece authorised to pay €150 million for carbon storage facility construction

On Monday 28 October, the European Commission authorised, under EU State aid rules, €150 million of aid from Greece made available via the Recovery and Resilience Facility (RRF) to support the construction of a carbon storage facility in Prinos.

The beneficiary of the measure is EnEarth Ltd, the Greek subsidiary of Energean Plc (development of resources in the Mediterranean and North Sea).

The aid will fund part of the cost of building the onshore and offshore infrastructure needed to...

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