The country’s new feed-in tariff and green bonus scheme provides financial incentives to developers of hydropower, wind, solar, biomass, biogas and geothermal projects.
EC said the scheme will further EU energy objectives without unduly distorting competition in the single market.
The Czech Republic government modified the scheme to bring it in line with the EU’s 2008 Environmental Aid Guidelines after concerns that some renewable energy producers may get more compensation.
EC vice president in charge of competition policy JoaquÃn Almunia said, "The implementation of the scheme helps the Czech Republic to meet its renewable energy targets and achieve its Europe 2020 goals in line with EU state aid rules."
The EC’s approval is only for installations commissioned since January 2013 and does not cover support granted to projects before that period.
The Czech Republic budget for 2014 includes about €91m for such installations.
The European Union intends to get 20% of its energy from renewable sources by 2020.
EC said more renewable energy will allow the EU to reduce greenhouse emissions and make it less dependent on imported energy.
Image: European Commission vice president in charge of competition policy JoaquÃn Almunia. Photo: Courtesy of Fábio Rodrigues Pozzebom/ABr.
