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EU OKs €23bn Italian Green Power, €100 m Austrian Battery Aid

6/8/2026

Summary

Story summary

European Commission approved a €23 billion Italian scheme for electricity that will fund wind, solar, hydropower and sewage-gas plants, adding 37.15 GW.
Aid will be delivered via 20-year contracts for difference that pay when market prices fall below strike price.
The Commission approved a €100 million Austrian loan scheme for firms investing in batteries, solar or wind, deeming the measures necessary under Article 107(3)(c) and Clean Industrial Deal State Aid Framework of 25 June 2025.

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Story summary

European Commission approved a €23 billion Italian scheme for electricity that will fund wind, solar, hydropower and sewage-gas plants, adding 37.15 GW.
Aid will be delivered via 20-year contracts for difference that pay when market prices fall below strike price.
The Commission approved a €100 million Austrian loan scheme for firms investing in batteries, solar or wind, deeming the measures necessary under Article 107(3)(c) and Clean Industrial Deal State Aid Framework of 25 June 2025.