The European Commission announced today that it has approved a €400 million Greek aid scheme aimed at supporting investments to boost cleantech manufacturing capacity.
The Commission’s approval was made under the new Clean Industrial Deal State Aid Framework (CISAF), designed to enable Member States to provide support for goals including clean energy development, industrial decarbonization and clean technology.
Adopted in May 2025, CISAF allows for quicker approval of State aid measures for the roll-out of renewable energy and ensure sufficient manufacturing capacity of clean tech. The adoption of the framework forms part of the EU’s Clean Industrial Deal, aimed at accelerating decarbonization initiatives while supporting manufacturing in Europe, and addressing key challenges including climate change and industrial competitiveness.
According to the Commission, the new Greek State aid scheme will add cleantech manufacturing capacity in line with the objectives of the Clean Industrial Deal, and contribute to the transition towards a net zero economy. The purpose of the scheme is to grant aid for investments that add manufacturing capacity for the production of net zero technologies, including with secondary raw materials, in addition to the production of new or recovered related critical raw materials necessary for the production of the final products or main specific components.
Aid provided under the new scheme will take the form of direct grants and tax advantages to companies in Greece, and may be granted until the end of 2030.
Teresa Ribera, EU Commission Executive Vice-President for Clean, Just and Competitive Transition, said:
“This scheme will ensure additional clean technology manufacturing capacity in Greece. The Greek state can provide €400 million in support for key investments in the sector, using a range of different measures. This new manufacturing potential will contribute to reaching the goals of the Clean Industrial Deal, while ensuring that potential competition distortions are kept to a minimum.”
Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm’s head of U.S. equities. While at DCM, Mark was part of the firm’s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.
