Enercon will receive €500m ($511m) in state aid to cushion negative effects of the Covid-19 pandemic on the embattled German wind turbine manufacturer.
The funds will be channelled as loans via Germany’s economic stabilisation fund (WSF) that has already helped struggling companies in other sectors in the European country, including aviation (Lufthansa) and tourism (Tui).
“The interministerial economic stabilisation fund committee has approved this stabilisation measure.
