“These two schemes will allow Lithuania to both continue supporting the development of renewable energy sources in the country and to preserve the competitiveness of electricity-intensive companies by reducing their contributions to the financing of this support,” EU Competition Policy Commissioner Margrethe Vestager said, adding that this will contribute to Lithuania’s transition to low carbon and environmentally sustainable energy supply, in line with the EU environmental objectives and EU state aid rules.
In 2012, Lithuania set up a scheme to support producers of electricity from renewable energy sources. On January 8, the Commission said the EC approved aid granted under this scheme from 2012 to 2015 when the last beneficiary under the scheme was selected. During this period, beneficiaries were selected through tender procedures and are then granted support in the form of a feed-in-premium for a period of 12 years.
Full article available: https://www.neweurope.eu/article/lithuanian-renewable-energy-state-aid-gets-eu-approval/