EC awards Euro 1.2 billion to 23 innovative renewable energy projects under NER300 funding program

EC awards Euro 1.2 billion to 23 innovative renewable energy projects under NER300 funding program

BRUSSELS, Dec. 18, 2012 (Press Release) - The European Commission today 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 program. 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).



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