European Commission OKs French Clean Energy Tax Credit Plan

The European Commission approved a 2.9 billion euro ($3.2 billion) French plan to provide tax credits for investments in clean energy.

The tax credits, which the commission approved Monday, are open to companies that plan to invest in the production of solar panels, batteries, wind turbines, and heat pumps, as well as key components and materials required for their production.

• The French plan meets the conditions set out under European Union state aid policy, the commission said.
• Specifically, it is in line with the temporary framework the commission is working under; it is expected to encourage the production ...