European Commission approves €900m French scheme for biomass and renewable hydrogen investments, aligning with EU's Green Deal.

The European Commission has approved a €900m French scheme to help firms invest in biomass and renewable hydrogen energy production. This aligns with the EU's Green Deal Industrial Plan, aimed at a net-zero economy. Direct grants will support new installations and projects, with a 36-month deadline. The scheme falls under the State aid Temporary Crisis and Transition Framework, supporting key sectors in the green transition.