EU Commission approves 400 mln euros Danish state aid for renewable energy

Reuters | London | Updated: 04-05-2021 16:13 IST | Created: 04-05-2021 15:18 IST
EU Commission approves 400 mln euros Danish state aid for renewable energy
Representative Image Image Credit: Wikimedia

The European Commission on Tuesday approved 400 million euros ($480.12 million) Danish state aid supporting the production of electricity from renewable sources, according to a statement.

"This Danish scheme will contribute to substantial reductions in greenhouse emissions, supporting the objectives of the Green Deal," the commissioner in charge of competition, Margrethe Vestager, said.

According to the statement, Denmark intends to support energy generation from onshore and offshore wind turbines, wave power plants, hydroelectric power plants and solar technology with a scheme designed to guarantee stable prices to electricity producers. ($1 = 0.8331 euros)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)



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