18 Dec 2012|--

Commission awards EUR 1.2 billion to kick-start 23 innovative renewable energy projects

EC, EU: The European Commission awarded over €1.2 billion funding to 23 highly innovative renewable energy demonstration projects under the first call for proposals for the so-called NER300 funding programme. 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 – bioenergy (including advanced biofuels), concentrated solar power, geothermal power, wind, ocean energy and distributed renewable management (smart grids). (Source: http://europa.eu/rapid/press-release_IP-12-1385_en.htm)

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