The EU Green Deal Industrial Plan (GDIP) is a key component of the European Union’s (EU) strategy to reach its net zero targets. The GDIP is a package of legislative proposals aimed to encourage investment into green technologies to support the transition to net zero.
To complement this, the EU has revised the rules on state aid to support the production of green technologies and simplify access for investments in energy infrastructure and grid expansion.
The new rules constitute a major regulatory business opportunity for a range of companies operating within the EU if they operate in eligible green technologies and green energy sectors.
They now allow access to public subsidies that could not otherwise have been granted to private companies or made available without prior assessment of the European Commission of their compatibility with the relevant EU competition rules.