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Image header Agence Europe
Europe Daily Bulletin No. 13754
ECONOMY - FINANCE - BUSINESS / State aid

Green light for German aid of up to €1.75 billion to LEAG for gradual closure of lignite-fired power plants

On Tuesday 18 November, the European Commission approved German State aid of up to €1.75 billion for Lausitz Energie Kraftwerke AG (LEAG), to compensate the company for the early closure of its lignite-fired power plants in the Lusatian mining area by 2038.

The measure, which is deemed to be in line with the ‘CEEAG’ guidelines on aid for environmental protection and energy (see EUROPE B12858A2), will compensate LEAG for fixed additional costs associated with this early closure,...

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