Press Release: State aid: Commission clears closure of lignite-fired power plants in Germany

Author (Corporate)
Series Title
Series Details IP/16/1911 (27.05.16)
Publication Date 27/05/2016
Content Type

On 27 May 2016, the European Commission found German plans to grant €1.6 billion public financing for mothballing and subsequently closing eight lignite-fired power plants to be in line with EU state aid rules.

The Commission concluded that the measure promotes EU environmental objectives, as it helps Germany to achieve its CO2 emission target, without unduly distorting competition in the Single Market.

Source Link Link to Main Source http://europa.eu/rapid/press-release_IP-16-1911_en.htm
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