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EU approves compensation for early closure of Dutch coal fired power plant

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The European Commission said on May 12 that the compensation of €52.5 million granted to coal fired power plant Hemweg by the Netherlands for the early closure imposed on the plant is in line with EU State aid rules. The measure will contribute to reducing CO2 without unduly distorting competition in the EU’s Single Market.

“In the context of the European Green Deal the phasing-out of coal fired power plants can crucially contribute to the transformation to a climate-neutral economy which is …

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