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Italy: EUR 17.7 billion scheme to support electricity storage system

Description

On 21 December 2023, the European Commission approved a EUR 17.7 (USD 19.4) billion financial grant scheme from Italy. The aid will support the construction and operation of electricity storage facili...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

21 Dec 2023

Revocation date

31 Dec 2033

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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