Produc-E Green program attracts considerable interest

The Produc-E Green support program, for which applicants face a nearing March 15 deadline, promises to create a domestic value chain in a number of energy-transition sectors, its heightened level of interest has indicated.

A total of 24 business plans have been submitted to the program for financial support in production activities concerning equipment and technologies playing key roles in the green economy.

More business plans are expected to be submitted to the program until this coming Friday’s deadline. Appraisals of applications are planned to commence immediately after this deadline has expired.

The 24 business plans submitted to date have budgets covering over 40 percent of the 199.7 million-euro sum made available through the support program, funded by the European Commission’s Recovery and Resilience Facility.

These plans include creating new production units, increasing production capacity of existing industries, and restructuring existing industries for switches to production of completely new products and equipment.

The support program has attracted business plans for investments in areas such as production of solar panels, wind turbines, photovoltaic cells, electric vehicle equipment and chargers, electric cables, as well as equipment for air-conditioning systems.