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EC clears EUR-2.9bn French tax credit scheme for green industries

The European Commission (EC) on Monday approved, under state aid rules, a EUR-2.9-billion (USD 3.17bn) French tax credit scheme to support the production of solar panels, batteries, wind turbines and heat pumps, as well as associated key components and critical raw materials.

read more... 10/01/2024

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Norway's Statkraft to invest up to $6.6 bln in hydro, wind power

Norway's state-owned renewable power producer Statkraft on Monday said it plans to invest up to 6 billion euros ($6.56 billion) to upgrade its domestic hydro and wind power facilities and to build new onshore wind farms.

read more... 09/01/2024

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Italy weighs $1B package to boost EV sales

The plan would support low-income families and the purchase of cars made in Italy.

read more... 04/01/2024

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Germany's 2023 renewable power installations hit record, but wind sector lags

Germany's solar and wind power installations hit a record in 2023 but only photovoltaic energy reached the government's targets, industry associations said, expecting continued growth this year with further reduced bureaucracy.

read more... 03/01/2024

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EU, UK extend trade rules to avoid tariffs on electric vehicles

The European Union and Britain on Thursday agreed to give electric vehicle (EV) makers until the end of 2026 to comply with local content rules, delaying the imposition of tariffs on EVs traded with the UK.

read more... 22/12/2023

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