| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/10/1130 (15.9.10) |
| Publication Date | 15/09/2010 |
| Content Type | News |
|
The European Commission has authorised, under EU state aid rules, €97.5 million in regional investment aid that the German authorities intend to grant to Wacker Chemie AG for the production of solar grade polysilicon in Nünchritz, eastern Germany. The project involves investments of €800 million for the construction of a new plant. The Commission found the measure to be compatible with the requirements of the Regional Aid Guidelines 2007-2013, and in particular with its rules on large investment projects. The positive impact of the investment on regional development will outweigh any potential distortions of competition brought about by the aid. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/10/1130&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Internal Markets |
| Countries / Regions | Europe, Germany |
