EU approves €350 million renewables production plan in Portugal

The European Commission has approved a €350 million ($380. 4 million) funding package to support companies in Portugal that produce solar panels, batteries, heat pumps, and other renewable energy equipment. The plan is designed to support the country's transition to a net-zero economy. The European Commission has approved a €350 million Portuguese grant scheme for the production of equipment for renewable energy. The funds, which will be granted no later than Dec. 31, 2025, will take the form of direct grants. They will be fully financed through the European Commission's Recovery and Resilience ...

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