April 27, 2025Commission approves €612 million Portuguese State aid scheme to support energy-intensive companies

Europe
Commission approves €612 million Portuguese State aid scheme to support energy-intensive companies

The European Commission approved a €612 million Portuguese plan to reduce electricity rates for electro-intensive companies, preventing their relocation to countries with less stringent climate policies. In return, the beneficiaries must promote energy efficiency measures or use renewable energy. The initiative seeks to balance industrial competitiveness and decarbonization goals.

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