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

The European Union Official Gazette April 1 published the European Commission (EC) decision on State Aid Case No. SA.121308, approving Romania’s aid regime under the Clean Industrial Deal State Aid Framework (CISAF). The decision includes measures: 1) setting an estimated budget of approximately 150 million euros (US$173.3 million); 2) authorizing aid until Dec. 31, 2030; 3) allowing aid for qualifying electricity producing companies of all sizes registered in Romania, excluding undertakings in difficulty or under a recovery order; 4) supporting investments in new standalone battery electricity storage installations connected to the transmission or distribution grid, subject to minimum capacity and ...