Name of the state: Union of Duxburian Dominions
Intended use for the subsidy: Kickstart phase 1 development of the "Solaris Azrekko" solar energy megafarm.
Requested form of subsidy: Cash to the City of Azrekko
Amount of money requested (In Euros): 2.94 billion
Proposed time-frame in which the loan will be paid back: 10-20 years, with a 1-3 year grace period before repayment to allow for economic recovery
Proposed interest per annum: 1.0%
Justification for the request:
The City Council of Azrekko is requesting preliminary approval for financial assistance on Phase 1 of the project, pending uncertainty surrounding the future of the Solarity and future government structure of the city. Whomever represents the government after the special election would seek final approval. The Solaris Azrekko is a 3 phase solar energy project that would deliver clean, renewable energy on a massive scale to the City of Azrekko at first and potentially additional destinations in later phases. It is a pivotal project in the City's transition from fossil fuel energy to renewable energy.

Phase 1: 3 GW power output, 8 million solar panels on 25 sq KM
Phase 2: 5 GW power output on 42 sq KM
Phase 3: 10 GW power output on 84 sq KM
The City of Azrekko has set aside 100 sq Kilomarks of surface land for the Solaris Azrekko on the north bank of the Great River.
The project address is:
1 Green Energy Way
[S] Azrekko, Azrekko AZ8200
Duxburian Union
Why is the City asking for assistance from the European Union instead of from the Solarity or the Duxburian federal government? Neither the Solarity, nor the federal government will help us, we are on our own. This project would play a vital role in jump starting the rapidly failing Azrekkian economy, while also offsetting 2.5 million metric tons of carbon emissions, essentially taking 500,000 cars off roads, in Phase 1 alone.
Why is the City asking for prelim approval instead of waiting for the new government? The project can't wait any longer. Our city and our planet are both dying.
A whopping 91%+ of all Duxburians oppose subsidies...is the City nuts applying for subsidies? No, the City is desperate and the European Union is the last remaining lifeline.
The City is in a state of economic depression, how will it repay the loan? Azrekko still has a tax base of 11 million residents, owns considerably more land than any other municipality in the Union of Duxburian Dominions, and generates sufficient revenue in normal economic times to cover its expenditures. The City would ideally rather have a grant or no-interest loan, but in these economic circumstances, probably wouldn't qualify for either.
Why 3 GW? That would make this one of the largest solar projects in the world: Azrekko is one of the largest and most isolated cities in the world. It sits beyond the Duxburian federal electric grid and must generate all of its own power. Azrekko must also generate enough excess power to store and use at night when the sun isn't shining.