Newsletter Newsletters Events Events Podcasts Videos Africanews
Loader
Advertisement

€400 million in EU funding approved to help Greece achieve net zero emissions

File photo - Photovoltaics in Amorgos
File photo - Photovoltaics in Amorgos Copyright  AP Photo
Copyright AP Photo
By Ioannis Karagiorgas
Published on
Share Comments
Share Close Button

The funding will support strategic investments that increase clean technology capacity.

The European Commission has approved €400 million in state aid for Greece to invest in clean tech.

ADVERTISEMENT
ADVERTISEMENT

In line with the objectives of the Clean Sky Agreement, this initiative is expected to accelerate the transition to a net zero economy. The approval was given on the basis of the Clean Industrial Deal State Aid Framework (CISAF), which was adopted by the Commission on 25 June 2025.

How will Greece use the €400 million funding?

The funding will support strategic investments in the clean technologies sector.

The scheme aims to provide financial support for investments that create or expand production capacity for the manufacture of zero-emission technologies, including the use of secondary raw materials. It also covers key specialised key components listed in Annex II of the CISAF, as well as the production of new or recovered critical raw materials necessary for the manufacture of finished products or their individual key components.

The support will be provided in the form of direct grants and fiscal incentives. The measure applies to enterprises throughout the Greek territory and aid may be granted until 31 December 2030.

The Commission found that the Greek scheme fulfils the conditions of the CISAF. In particular, it was found to create substantial incentives for the production of clean technologies, their basic components and the necessary critical raw materials.

The scheme will provide Greece with additional production capacity for clean technologies. The Greek State can allocate €400 million to support key investments in the sector, using a number of different measures.
Τερέσα Ριμπέρα
Executive Vice President responsible for a clean, fair and competitive transition

It also concluded that the measure is necessary, appropriate and proportionate to accelerate the transition to a zero-emission economy and to support economic activities central to the implementation of the Clean Industrial Deal. The decision is in line with Article 107(3)(c) of the Treaty on the Functioning of the European Union and the relevant provisions of the CISAF.

On the basis of the above, the Commission has approved the Greek measure under the EU State aid rules.

"The scheme will provide Greece with additional production capacity for clean technologies," said Teresa Ribera, Executive Vice President in charge of a clean, fair and competitive transition. "The Greek State can make available €400 million to support key investments in the sector, using a number of different measures. This new production capacity will contribute to achieving the agreement's clean industry objectives while minimising potential distortions of competition."

What is the Clean Industrial Deal State Aid Framework?

On 25 June 2025, the European Commission adopted the CISAF to promote support measures in sectors crucial to the transition to a net zero economy, as part of the Clean Industrial Deal.

The CISAF allows Member States to implement, until 31 December 2030, different categories of support to accelerate the green transition, such as:

  • Measures for the development of renewable energy and low-carbon fuels (sections 4.1 and 4.2): Establishing support schemes for investment in renewable energy and storage, with simplified procedures, as well as specific arrangements to accelerate the development of low-carbon fuels.
  • Temporary electricity cost reduction measures for energy-intensive enterprises (section 4.5): Ensuring the transition to clean and affordable electricity by preventing the transfer of production activities to countries with lower environmental standards.
  • Measures for the decarbonisation of industry (section 5): Support for investments that reduce dependence on imported fossil fuels through electrification, energy efficiency improvements and the use of renewable or low-emission hydrogen.
  • Clean technology capacity building measures (section 6): Investment in strategic projects, in line with the Zero Emission Industry Regulation, such as production of batteries, photovoltaic panels, wind turbines, heat pumps, electrolytes and carbon capture, use and storage projects, as well as for key components and critical raw materials.
  • Investment risk mitigation measures (section 8): Support for private investment in clean energy, industrial carbonisation, clean technologies, energy infrastructure and circular economy projects.

More information on the CISAF is available on the Commission's official website. (source in Greek)

Additional sources • Ευρωπαϊκή Επιτροπή

Go to accessibility shortcuts
Share Comments

Read more