The European Commission has approved a €2.3bn Finnish scheme consisting in three measures to support investments in strategic sectors and to help industrial companies decarbonise their production processes. The aid will take the form of a tax credit.
Under the scheme, the first measure will support investments in the production of energy from renewable sources (excluding power generation), electricity or thermal storage and storage of renewable hydrogen, biofuels, bioliquids, biogas, biomethane or biomass fuels.
The second measure will support the decarbonisation of industrial production processes by helping companies cut greenhouse gas (GHG) emissions from their production processes by at least 40% and/or reduce their energy consumption by at least 20%.
The third measure will support investments for the production of strategic equipment (batteries, solar panels, wind turbines, heat-pumps, electrolysers and carbon capture usage and storage), as well as key components designed and primarily used as direct input for the production of such equipment or related critical raw materials necessary for their production.
The scheme complements a €400m Finnish scheme adopted in December 2024 to help companies decarbonise their production processes and to support investments in strategic sectors.
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