EC approves €3.5 billion support to three offshore windfarms in BelgiumStaff Writer | September 27, 2018
The European Commission (EC) has found Belgian plans to support three offshore windfarm projects to be in line with EU State aid rules. The measure will further EU energy and climate goals without unduly distorting competition in the Single Market.
Europe Offshore windfarms in Belgium
After receiving the notification of the support to the three offshore windfarms by Belgium in August 2018, the Commission assessed the measure under the Guidelines on State aid for environmental protection and energy and found that the projects will promote the integration of renewable electricity into the market, in line with the Guidelines.
The Commission concluded that the projects will increase the share of electricity produced from renewable sources in Belgium and reduce pollution, while limiting any distortions of competition caused by the state support. They will help Belgium meet its target of producing 13% of its energy needs from renewable sources by 2020.
Today's decision complements the Commission's Energy Union Strategy to deliver secure, sustainable and competitive energy in Europe and to meet our Paris agreement commitments.
Moreover, the Commission found that the aid to the three projects is necessary and has an incentive effect, given that, without public support, the projects would not be financially viable. Based on the information provided by Belgium, the support level is in line with the Guidelines and does not result in overcompensation. ■