Brussels approves €1.75 bn subsidy for LEAG coal phase-out
The European Commission has approved a €1.75 bn ($2.03 bn) public subsidy from Germany to compensate energy company LEAG for the planned shutdown of its coal-fired power plants by 2038.
| Sector | Charbon, Carbone |
|---|---|
| Theme | Investissements & Transactions, Développement de projets, Financement |
The European Commission has approved a €1.75 bn ($2.03 bn) state aid package for Lausitz Energie Kraftwerke AG (LEAG), a key lignite supplier in eastern Germany. The subsidy is intended to compensate for the phased closure of its coal power facilities under Germany’s coal exit strategy by 2038.
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