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WRAPUP 3-Europe set for two new gigafactories as it lures battery makers

After months of worry that it would opt for an investment in North America over Europe, Sweden's Northvolt said it is set to pick Heide in northern Germany for its factory as long as subsidies are approved, estimated by one source close to the matter to be over 600 million euros. Taiwan's ProLogium, meanwhile, announced a new plant in the French city of Dunkirk after France offered deal sweeteners and competitive power prices, executives from the company said.
United States European Commission European Union North America Reduction Act Temporary Crisis

Europe set for two new gigafactories as it lures battery makers

STOCKHOLM/BERLIN : Two electric vehicle battery makers plan to spend around 10 billion euros ($11 billion) on factories in Europe, they said on Friday, after Europe loosened state aid rules for green industry projects in a bid to win the subsidy race with the U.S.Both plants will start production in 2026,
United States European Commission European Union North America Reduction Act Temporary Crisis

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EU Policy Regulations Updates April 2023

The Council of the European Union and the European Parliament reached a provisional political agreement on the proposal for a regulation on the protection of the European Union and its member states from economic coercion by third countries. European Green Deal
Council Of The European Union European Commission Releases The Article Commission Updates Guidance Templates To Support Green European Union Commission Opens Consultation Framework For Research

Seize the advantage: TCTF support without a time limit combined with the REPowerEU financing is an attractive opportunity for PV manufacturing

The European Commission recently adopted a Temporary Crisis and Transition Framework (TCTF) to provide support opportunities for Net-Zero Industries. With confirmation from the European Commission, the European Solar Manufacturing Council (ESMC) clarifies the time limit of this aid framework, which appears to have been widely misinterpreted.
European Commission Temporary Crisis Transition Framework Net Zero Industries Member States Resilience Plans

State aid: Commission approves prolonged and amended Spanish and Portuguese measure to lower electricity prices amid energy crisis

The European Commission has approved, under State aid rules, the prolongation and amendments of a Spanish and Portuguese measure aimed at reducing the wholesale electricity prices in the Iberian market (‘MIBEL') by lowering the input costs of fossil
Iberian Peninsula Spain General European Commission European Union Spanish Transmission System Operator Member States

Europe give 450 million euro to help Spanish companies with high gas consumption | Spanishvida

The European Commission has approved 450 million euro for Spain, for the compensation of the additional costs of industrial companies with activity in Spain, incurred in 2022, derived from the exceptional increase in natural gas prices. For the Minister of Industry, Commerce and Tourism, Héctor Gómez, “with this aid we reinforce our commitment to the
Transition Framework Of The European Commission Ministry Of Industry European Commission Council Of Ministers General State Budget Temporary Crisis

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