The European Commission has approved a DKK 4,150 million (approximately €550 million) State aid scheme to support the production of electricity in existing and depreciated biomass installations in Denmark.

The installations benefiting from the scheme will receive support in the form of a premium covering the additional operating costs of producing electricity from biomass compared to producing electricity from a coal plant. The premium will be calculated on an annual basis and it will be capped at DKK 0.11/kWh (approximately 0.015 €/kWh). The scheme will be in place until 31 December 2029.

More about the state aid on Danish electricity producers from biomass here