European Union Gazettes EC Decision Approving Spain Regime Under Clean Industrial Deal State Aid Framework

The European Union Official Gazette March 26 published the European Commission (EC) decision on State Aid Case No. SA.120985, approving Spain’s aid regime under the Clean Industrial Deal State Aid Framework (CISAF). The decision includes measures: 1) setting an estimated budget of 200 million euros (US$231 million); 2) authorizing the aid until June 30, 2026; 3) allowing aid for qualifying companies of all sizes, excluding undertakings in difficulty or under a recovery order; 4) requiring that investment projects add manufacturing capacity for battery and energy storage technologies, hydrogen fuel cell technologies, or the production or recovery of related critical raw ...