State Aid: ESA greenlights environmental aid worth billions
EN | NO
“This is by far Norway's most comprehensive package of aid aimed at developing green technology”, says President Sven Erik Svedman as the EFTA Surveillance Authority (ESA) gives its seal of approval on several Enova schemes.
Enova is a state-owned entity in charge of managing a range of schemes to
promote the use of environmentally friendly technology. The schemes under Enova's control are financed by the
Norwegian Energy Fund, which for 2017 has a total budget of NOK 2.5 billion
(approx. EUR 280 million).
ESA welcomes that the aid package contains not only direct grants, but also low interest loans, guarantees and convertible loans. This way, the available resources can support even more environmentally friendly projects.
“This is a smart and efficient way to organise state aid and can give the EEA more innovation and environmentally friendly technologies to tackle future challenges”, says Svedman.
The package has been approved from 1 January 2017 until the end of 2022 and is building on existing Enova schemes. Among the elements is the Demo scheme for developing new energy and climate technologies. The objective is to support progress in the fields of renewable energy production, energy efficiency and reduced greenhouse gas emissions.
Furthermore, the Eco-Inn scheme promotes innovative projects aiming at improving environmental protection. Enova also supports different schemes for alternative fuels infrastructure for both road and waterborne transportation.
In addition, the Norwegian authorities have put in place several other schemes to support energy efficiency, reduced greenhouse gas emissions and renewable energy. These do not have to be notified to ESA as they fall under the so-called General Block Exemption Regulation.
- Fact sheet
- Decisions: Demo , Eco-Inn, Alternative fuels
For further information, please contact:
Ms. Anne Vestbakke
Head of Communications
tel. +32 2 286 18 66
mob. +32 490 57 63 53