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.



Trachte Inc._id1770
Latest Top Stories

Quebec Government Postpones Wind Power RFP; No New Date Scheduled

The request for proposals (RFP) is part of an overall 800 MW wind power tranche that will serve as a bridge to the next phase in the province's energy future.


Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.

Canwea_id1984
Renewable NRG_id1934
UnitedEquip_id1995
Tower Conference_id1965