EAS (Enterprise Estonia) recently launched the “Entrepreneur’s Energy Security Support” measure aimed at assisting companies affected by the energy crisis resulting from the conflict in Ukraine. The budget for this support is 20 million euros, and it will facilitate companies’ transition to renewable energy, the purchase of energy storage devices, and connection to centralized heating systems.
Small enterprises can receive support of up to 200,000 euros, while medium-sized and large enterprises can receive up to 500,000 euros. The support can constitute 20-40 percent of the investment amount, and if investments are made outside of Tallinn and Harju County, an additional ten percent can be added to the maximum support level.
Applications for support are accepted on an ongoing basis, and the funding is provided from the European Union’s NextGenerationEU recovery fund.