Latest EU investment fund to reward renewable energy innovation

The European Commission has set aside approximately €100m as part of a second call to apply for funding from its ‘NER300’ programme, set up to provide investment that will support innovative renewable energy and carbon capture and storage projects across the EU.

This round of EU investment is part of a greater €4.5bn scheme launched in 2011, with its main goal to have ‘a full range of low-carbon projects up and running by 2018’ according to EU Climate Commissioner, Connie Hedegaard.

The funding comes as part of the EU’s attempts to deliver 20% of consumed energy from renewables by 2020.

 

Read full article by siliconrepublic.com here: EU launches latest investment fund for low-carbon technologies

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