| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/11/348 (23.3.11) |
| Publication Date | 23/03/2011 |
| Content Type | News |
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The European Commission has authorised under EU state aid rules €18.75 million of regional investment aid for the German company Solar Factory GmbH, a subsidiary of SolarWorld AG, for the production of solar modules in Freiberg (Saxony), Germany. The project involves an investment of €75 million. The Commission found the measure to be compatible with EU rules, and in particular with the requirements of the Regional Aid Guidelines 2007-2013 (see IP/05/1653), because, on balance, the positive effects of the investment on regional development outweigh potential distortions of competition induced by the aid. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/348&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Energy, Internal Markets |
| Countries / Regions | Germany |
