NER300 is one of the world's largest funding programmes for innovative low-carbon energy demonstration projects. The programme is conceived as a catalyst for the demonstration of environmentally safe carbon capture and storage (CCS) and innovative renewable energy (RES) technologies on a commercial scale within the European Union.
NER300 enables the safe capture and storage of CO2
Renewable energy technologies at the focus of NER300
The aim of NER300 is to establish a demonstration programme comprising the best possible CCS and RES projects and involving all Member States. The programme intends to support a wide range of CCS technologies (pre-combustion, post-combustion, oxyfuel, and industrial applications) and RES technologies (bioenergy, concentrated solar power, photovoltaics, geothermal, wind, ocean, hydropower, and smart grids).
NER300 also seeks to leverage a considerable amount of private investment and/or national co-funding across the EU, boost the deployment of innovative low-carbon technologies and stimulate the creation of jobs in those technologies within the EU.
NER300 is so called because it is funded from the sale of 300 million emission allowances from the new entrants' reserve (NER) set up for the third phase of the EU emissions trading system (EU ETS). The funds from the sales are to be distributed to projects selected through two rounds of calls for proposals, covering 200 and 100 million allowances respectively.
Under the first call for proposals the European Commission in December 2012 made funding awards for a total value of €1.2 billion to 23 renewable energy projects. This amount is estimated to have leveraged additional funding of over €2 billion from private sources.
The projects awarded funding are now moving towards implementation. They must reach their final investment decisions by December 2014, and enter into operation by December 2016.
The second call for proposals was launched on 3 April 2013, and applications are due by 3 July 2013. Awards will be funded from the sale of the remaining 100 million allowances and unused funds from the first call.
See full details of the second call and how to apply. Like the first, the second call is governed by the rules and criteria laid down in Commission Decision 2010/670/EU.
The European Commission is responsible for the overall management and implementation of NER300. In this, the Commission draws on the unique expertise of the European Investment Bank (EIB) to evaluate proposals submitted by Member States, to sell NER allowances on its behalf, and to manage the revenues and the disbursement of funds to Member States during project implementation.
Reports on the sales of NER300 allowances can be found under the Documentation tab above.