European Commission Approves Euros2.6 Billion State Aid to RWE for Early Closure of Lignite-Fired Power Plants in Germany
December 11, 2023
December 11, 2023
BRUSSELS, Belgium, Dec. 11 -- The European Commission issued the following news release:
The European Commission has found a Euros2.6 billion German support measure in favour of RWE Power AG ('RWE') to be in line with EU State aid rules. The aid will compensate RWE for the early phase-out of its lignite-fired power plants in the Rhenish mining area.
The German measure
According to the German coal phase-out law, the use of coal for the production . . .
The European Commission has found a Euros2.6 billion German support measure in favour of RWE Power AG ('RWE') to be in line with EU State aid rules. The aid will compensate RWE for the early phase-out of its lignite-fired power plants in the Rhenish mining area.
The German measure
According to the German coal phase-out law, the use of coal for the production . . .