The European Commission has approved a €155 million Danish scheme aimed at promoting sustainable energy investments in the fishery and aquaculture processing sector.
The initiative, which runs through 2029, will provide direct grants to support large processing companies in transitioning to environmentally friendly energy sources.
The scheme is designed to reduce CO2 emissions and improve energy efficiency, aligning with Denmark’s broader environmental goals. It was evaluated under EU State aid rules, particularly Article 107(3)(c) of the Treaty on the Functioning of the European Union, which permits support for specific economic activities under defined conditions.
According to the European Commission, the scheme is “necessary and appropriate” to stimulate green investments in the sector. It also deemed the initiative proportionate, ensuring aid is limited to what is essential while minimizing distortions to competition and trade within the EU.
