| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/08/1178 (17.07.08) |
| Publication Date | 17/07/2008 |
| Content Type | News |
|
The European Commission authorised, under EC Treaty state aid rules, €47 million of aid, which the German authorities intend to grant to Wacker Schott for the production of solar wafers in Thüringen, Germany. The project involves investments of €322 million and is expected to significantly increase direct and indirect employment. The Commission found the measure to be compatible with the requirements of the Regional Aid Guidelines 2007-2013 and in particular with the rules on large investment projects. At the same time, the Commission opened a formal investigation under EC Treaty state aid rules into €48 million aid for a similar project of solar wafer production by Deutsche Solar in Saxony, Germany. In this case, the Commission had concerns that the aid was in fact part of a single investment project. According to the Regional Aid Guidelines 2007-2013, if this proves to be the case, the current proposed aid would need to be reduced. The opening of an in-depth investigation gives interested parties the possibility to comment on the proposed measure. It does not prejudge the outcome of the procedure. |
|
| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/08/1178&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Internal Markets |
| Countries / Regions | Germany |