State aid: Commission approves Spanish support scheme for renewable electricity

The European Commission has found the Spanish scheme supporting electricity generation from renewable energy sources, high efficiency cogeneration of heat and power and waste to be in line with EU State aid rules. The Commission concluded that the Spanish measure will boost the share of electricity produced from renewable energy sources, in line with EU energy and climate goals, while any distortion of competition caused by the State support is minimised.  Commissioner Margrethe Vestager, in charge of competition policy, said: “I am pleased to see the latest Spanish renewables auctions have shown the positive effects of competition: companies are ready to invest in new installations with very low levels of State support. Spain’s transition to a low carbon, environmentally sustainable energy supply is important and this support scheme will help.” The full press release is available online in ENFRDEES.