The EFTA Surveillance Auhtority clears a large Norwegian state aid package to CCS chains
By the decision delivered in Full-Scale CCS Project (decision of 17 July 2020 no. 85378), the EFTA Surveillance Authority (ESA) approved investment aid and operating aid granted by Norway to Norcem AS (Norcem), Fortnum Oslo Varme AS (FOV) and Northern Lights (NL) for the construction and operation of a full-scale project for the capture, transport and storage of CO₂ ( the CCS Project ). The legal basis on which the ESA cleared the notified financing measures of the CCS Project was Article 61(3) of the EEA Agreement. These measures were found to be compatible with the functioning of the EEA Agreement given that they met the relevant compatibility conditions in the European Environmental Aid Guidelines (EEAG). The facts of the case On 2 July 2020 Norway notified investment aid and operating aid to finance the implementation of the CCS Project over a period of 10 years. The publicly-funded CCS Project consists of three elements: a number of CO₂ capture plants ( the Capture Projects ...