EC clears EUR-450m green hydrogen support scheme in Italy

The European Commission (EC) today announced its approval of a EUR-450-million (USD 489m) scheme by the Italian government to support investments in the integrated production of green hydrogen and renewable power in brownfield industrial areas.

The EU competition watchdog has determined that the Italian scheme is in line with the conditions set out in the Temporary Crisis and Transition Framework that was adopted last month.

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Through the measure, the Italian government will hold an open competitive bidding process to select the projects that will receive public support in the form of direct grants covering investment costs. The maximum amount of aid per project is set at EUR 20 million.

The scheme is financed under the Recovery and Resilience Facility (RRF). It will be open to companies of all sizes except for credit and other financial institutions.

(EUR 1.0 = USD 1.087)