T he European Commission today awarded over €1.2 billion to 23 highly innovative renewable energy demonstration projects under the first call for proposals for the so-called NER300 funding program.
The projects will be co-financed with revenues obtained from the sale of 200 million emission allowances from the new entrants' reserve (NER) of the EU Emissions Trading System.
The projects cover a wide range of renewable technologies, from bioenergy (including advanced biofuels), concentrated solar power and geothermal power, to wind power, ocean energy and distributed renewable management (smart grids).
Collectively they will increase annual renewable energy production in Europe by some 10 TWh, the equivalent of the annual fuel consumption of more than a million passenger cars. More importantly, the aim is to successfully demonstrate technologies that will help substantially scale-up energy production from renewable sources across the EU.
EU-Digest
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