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Global Trade Alert

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Portugal: EUR 350 million direct grant scheme to support green technology equipment and raw materials

Description

On 1 March 2024, the European Commission approved a EUR 350 (USD 386) million financial grant scheme from Portugal. The state aid will "incentivise investments" in the production of "batteries, solar ...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Mar 2024

Revocation date

31 Dec 2025

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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