The European Commission has approved under EU State aid rules a €150m Greek measure to support the construction of a carbon storage facility in Prinos.
The funding was made available through the Recovery and Resilience Facility (RRF) and contributes to achieving Greece’s climate targets and the EU’s strategic objectives under the European Green Deal. The facility is expected to start the ramp-up phase in 2027 and become fully operational in 2030.
The beneficiary is EnEarth, a Greek subsidiary of Energean, the exploration and production company focused on developing resources in the Mediterranean and North Sea.
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