Browse by year:


State Aid

PR(09)93: The EFTA Surveillance Authority approves budget increases of the Norwegian Energy Fund and the tightening of the rules on eligibility for aid under its wind programme

16.12.2009

The EFTA Surveillance Authority has today decided not to raise objections to budget increases of the Norwegian Energy Fund and the tightening of the rules on eligibility for aid under its wind programme. The budget increase is compatible with the EEA Agreement as it aims at facilitating the development of environmentaly friendly activities (Article 61(3)(c) EEA) and is in line with the Authority's Guidelines for environmental protection. The scheme financed by the Norwegian Energy Fund was originally approved by the Authority by Decision 125/06/COL for a five year period (2006-2010).

The scheme is operated by Enova, a state enterprise. Aid is granted with the aim to increase the supply of renewable heat and renewable electricity, and to contribute to energy saving.

The budget increases mainly involves a capital injection of NOK 10 billion in a new fund (Grunnfond for fornybar energi og energieffektivisering) set up in order to provide a stable source of financing of the energy fund, as well as a budgetary allocation of NOK 1 190 million to limit the effect of the economic downturn caused by the financial crisis.

The tightening of the rules on eligibility for aid under the scheme's wind programme entails that applicants are required to enter into a legally binding power purchase agreement with a power trading company prior in order to receive aid under the programme. The Norwegian authorities argue that this measure will enable Enova to grant better targeted aid.


For further information, please contact:

Mr Per Andreas Bjørgan
Director
Competition and State Aid Directorate
Tel (+32)(0)2 286 18 36 

Mr Christian Jordal
Officer
Competition and State Aid Directorate
Tel. (+32)(0)2 286 18 53

 

Brussels, 16 December 2009




Other EEA Institutions


imgbanner2
This website is built with Eplica CMS