The European Commission recently announced that it has awarded over €1.2 billion ($1.6 billion) to 23 innovative renewable energy technology (RES) projects. The projects cover a wide range of renewable energy technologies – from bioenergy (including advanced biofuels), concentrated solar power and geothermal power to wind power, ocean energy and distributed renewable management (smart grids). The projects will be hosted in 16 EU Member States: Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Hungary, Ireland, Italy, the Netherlands, Poland, Portugal, Spain, Sweden and the United Kingdom. The projects awarded funding are listed in the Annex to this document, grouped in alphabetic order by technology category.
The projects awarded funding demonstrated that they represent the most cost-effective use of NER300 public funding, that they are financially and technically robust and that they fulfill strict eligibility criteria. This includes how innovative the technology is and the potential for it to be scaled up and replicated, as well as the reasonable expectation of the project being up and running by the end of 2016, the deadline for entry into operation.
The projects were chosen following a rigorous selection process. After an initial eligibility test carried out by Member States, applications were submitted to the European Investment Bank (EIB) which performed an in-depth technical and financial assessment of the project proposals. On the basis of the final list of confirmed projects, the funding proportion between the CCS and the RES groups was established and the final list of projects for award was established. The funding decision was adopted by the European Commission following a positive vote in the Climate Change Committee on 13 December.
The funds were raised from the sale of 200 million allowances from the new entrants’ reserve (NER) of the EU Emissions Trading System. The sales were carried out by the European Investment Bank between early December 2011 and early October 2012. For more details, see http://www.eib.org/products/ner-300/reports.htm
One of the conditions of the NER300 program is that projects must enter into operation/start generating renewable energy within four years of the funding award. The date of entry into operation of individual projects will take place between 2013 and 2016, with two thirds of projects scheduled to be operational before the end of 2015.
- Feed-In Tariff For Electricity From RES in EU Member States – April 2010
In most EU member states electricity utilities now buy electricity generated from...
- Second National Energy Efficiency Action Plans and Separate Listings for Article 10 of Directive 2010/31/EU
The European Union (EU) has adopted a framework for energy end-use efficiency...
- Progress Report on the Promotion and Use of Energy from Renewable Sources In EU Member States
The reports describe the overall renewable energy policy developments in each Member...
- Total European Union Solar Thermal Collector Capacity Installed In 2010 And 2011
m2 MWth MWth m2 Germany 14044000 9830.80 15234000 10663.8 Austria 4558279 3190.80...
Energy In Europe | December 23, 2012
Austria, Belgium, climate change, concentrated solar power, Cyprus, Finland, France, geothermal, Germany, Greece, Hungary, Ireland, Italy, Netherlands, Poland, Portugal, smart grid, Spain, Sweden, United Kingdom