EU to investigate $112 mln Polish aid for LG Chem’s electric car battery plant

now viewing

EU to investigate $112 mln Polish aid for LG Chem’s electric car battery plant

August 11, 2020 Anand Gupta

now playing

Heterojunction Steps into the Spotlight in the Middle East, Huasun HJT Exclusive Gala Successfully Held in Abu Dhabi - EQ

August 11, 2020 Anand Gupta

Tata Power Renewable Energy Limited commissions 110MW solar power project for Kerala State Electricity State Board

now playing

Freyr Energy Undertakes 200 Solar Energy Projects In MSMEs Totaling 4.5 MW - EQ

August 11, 2020 Anand Gupta

Steel recycler beats wind firm to become world’s most sustainable company

now playing

Naveen Jindal group plans Rs 15,000-crore green energy push - EQ

August 11, 2020 Anand Gupta

now playing

TPWODL appoints Parveen Kumar Verma as new CEO to drive growth in Odisha's power sector - EQ

August 11, 2020 Anand Gupta

SJVN Green Energy Limited Issue Tender For MANUFACTURE AND SUPPLY OF SOLAR PV MODULES OF TOTAL 1465 MWP CAPACITY FOR SOLAR POWER PROJECTS TO BE INSTALLED AT VARIOUS STATES OF INDIA.

now playing

SJVN achieves milestone with India's first multi-purpose green hydrogen pilot project - EQ

August 11, 2020 Anand Gupta

now playing

Hitachi Energy eyes expansion in India amid rising power demand - EQ

August 11, 2020 Anand Gupta

Great Opportunity for India to Nurture Renewable Energy Industry to Become World Supplier Piyush Goyal

now playing

Clean Power: At 7 GW, India installs highest renewable energy sources in March - EQ

August 11, 2020 Anand Gupta

now playing

REC Limited to extend term loan of ₹ 1, 869 crores for Kiru Hydro Electric Project in Kishtwar, J&K - EQ

August 11, 2020 Anand Gupta

now playing

ADB Operations Reach $23.6 Billion in 2023, Achieve Record Climate Finance - EQ

August 11, 2020 Anand Gupta

WHEELING AND BANKING AGREEMENT FORMAT FOR RENEWABLE ENERGY PROJECTS UNDER THE KERC (TERMS AND CONDITIONS FOR GREEN ENERGY OPEN ACCESS) REGULATIONS, 2022

now playing

Issue of KERC (Smart Modules for Exisitng Digital / Static Meters) Guidelines 2024 Invitation to Public for filing Views / Comments / objections / Suggestions if any-reg - EQ

August 11, 2020 Anand Gupta

South Korean electric vehicle (EV) battery maker LG Chem in 2017 said it would invest more than 1 billion euros to ramp up production capacity at its Polish plant

BRUSSELS: EU state aid regulators have opened an in-depth investigation into Poland’s plan to grant 95 million euros ($112 million) in aid to LG Chem to expand its electric vehicles battery plant in the country, voicing doubts whether the support complies with the bloc’s rules.

South Korean electric vehicle (EV) battery maker LG Chem in 2017 said it would invest more than 1 billion euros to ramp up production capacity at its Polish plant. Poland subsequently sought European Commission approval to grant 95 million euros to the company.

The EU competition enforcer cited several concerns about the Polish support, in particular whether it provides an incentive for the plant expansion and the possibility that it may exceed the level of aid allowed.