The European Commission has approved a French 1.1 billion-euro ($1.3 billion) plan to use tax credits to encourage companies to invest in clean-technology manufacturing capacity.
The plan encourages investments in France to increase manufacturing capacity for net-zero technologies like solar, offshore or onshore wind technologies, heat pumps, and battery technologies, the commission said in a statement.
The plan also covers costs related to the main specific components of these technologies and the related critical raw materials, the commission said.
The measure will be open for all of France, with aid to be granted until the end of 2028.
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