in News Departments > FYI
print the content item

The European Commission (EC) has awarded over 1.2 billion euros in funding to 23 innovative renewable energy demonstration projects.

The projects cover a wide range of renewable energy technologies, including wind, solar, geothermal, smart grid, biofuels, ocean energy and bioenergy. Once they are up and running, the projects will collectively increase annual renewable energy production in Europe by some 10 TWh, according to the EC.

The EC also hopes these projects will successfully demonstrate technologies that will subsequently help scale up production from renewable energy sources across the European Union (EU).

The projects will be co-financed with revenues obtained from the sale of 200 million emissions allowances from the new entrants' reserve (NER) of the EU Emissions Trading System.

NER300 funding will provide up to 50% of the relevant costs of the project (i.e., the additional costs compared to existing, proven technologies), and the rest will be covered by private investment and/or additional national funding. NER300 funding will be made available on an annual basis, based on proven performance (the amount of green energy produced) and the meeting of knowledge-sharing requirements.



Helukabel_id1908
Latest Top Stories

Bird Groups Target LEEDCo's Icebreaker Offshore Wind Pilot

Two bird conservation groups that helped halt a wind project earlier this year argue that Lake Erie Energy Development Corp.'s (LEEDCo) 18 MW offshore demo poses a major risk to regional wildlife.


Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.

WomenofWind_id
Acciona_id1907
JLG_id1900
UEA_id1896
bonfiglioli_id1913
AWEA_id1886