The EU has announced €4bn (£3.4bn) of state aid investments in new factories producing electric batteries for cars, heat pumps and solar panels as it seeks to accelerate production and the uptake of green technologies and combat cheap Chinese imports.
The Swedish battery producer Northvolt will receive €902m in state aid to build a new factory in Heide in Germany, while a wide range of clean tech factories in France are to get a €2.5bn bump in state aid.
I can’t really be too offended by this since the US introduced the IRA to lure green companies to the US. Just leveling the playing field.
The Irish Republican Army?
Inflation Reduction Act
Muchas Gracias.