November 28, 2016 / 10:55 AM / a year ago

European Commission approves Czech state aid for renewable energy

BRUSSELS (Reuters) - The European Commission said on Monday it approved Czech state aid granted in 2006-2012 to renewable energy installations.

“The Commission concluded that, in line with EU objectives, the measure helps the Czech Republic to achieve its 2020 renewable energy targets,” it said in a statement.

It added that Prague committed to spending around 20 million euros on energy inter-connectors to “remedy any past discrimination against foreign green electricity” resulting from the plan.

Writing by Gabriela Baczynska

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