NER 300 is a funding programme pooling together about EUR 2 billion for innovative low-carbon energy demonstration projects. The programme has been 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.
Renewable energy technologies
at the focus of NER 300
This page provides a general overview of the NER 300 programme. More information on the legislation, monetisation of allowances and annual reporting requirements is available on the documentation page.
The aim of the NER 300 programme was to establish a demonstration programme comprising the best possible CCS and RES projects, involving all Member States. The programme intended to support a wide range of CCS technologies, namely pre-combustion, post-combustion, oxyfuel, and industrial applications, as well as RES technologies, namely bioenergy, concentrated solar power, photovoltaics, geothermal, wind, ocean, hydropower, and smart grids.
The NER 300 programme also sought 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 associated with these technologies within the EU.
The NER 300 programme took its name 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 have been distributed to projects selected through two rounds of calls for proposals, covering 200 and 100 million allowances respectively.
Under the first call for proposals in 2012, the European Commission awarded grants totalling EUR 1.1 billion to 20 renewable energy projects.
See this Q&A for further details of the financed projects.
The projects that have received funding from the NER 300 programme are now moving towards implementation. They reached final investment decisions by December 2016, and will enter into operation by December 2019 at the latest.
Under the second call for proposals in 2014, the European Commission awarded a total of EUR 1 billion in funding to 18 renewable energy projects and one CCS project.
See the Q&A for further details of the financed projects.
The projects that have received funding from the NER 300 programme reached final investment decisions by June 2018, and will enter into operation by June 2021 at the latest.
Publication of further NER 300 calls for proposals is not foreseen. The Commission is now focusing on the implementation of those projects already selected for funding and on preparing the first call of the new Innovation Fund programme.
Due to the challenging global and EU economic environment, some of the 20 projects awarded funding under the first call for proposals found it difficult to raise sufficient equity or to attract additional financiers and were not able to reach final investment decisions in 2016.
The Commission has decided to reinvest the unspent funds from the first NER 300 call (COMMISSION DECISION (EU) 2017/2172), amounting currently to some EUR 488 million through existing EU financial instruments managed by the European Investment Bank: the InnovFin Energy Demo Projects (EDP) and CEF Debt Instrument.
The InnovFin EDP can finance projects in innovative renewable energy, CCS, smart energy systems and storage. InnovFin EDP is a financial instrument and is therefore entirely market-driven. Support is provided to eligible projects on a first come, first served basis.
The project development assistance (PDA) under the InnovFin Advisory is also available to project promoters to increase the maturity of their projects.
The CEF Debt Instrument can finance innovative projects using renewable energy in the transport sector such as clean vehicles, fuels or charging infrastructure. It should be noted that under the CEF Regulation, the combination of CEF Grants and CEF Debt Instrument financing (i.e. blending) is possible.
In this respect, potential project promoters may consider an application for CEF grants through the CEF Transport Blending Facility to be launched later this year.
Project promoters interested in advisory services related to financing and blending opportunities including those offered by the CEF Transport Blending Facility may receive such advice through the European Investment Advisory Hub (EIAH) by sending an email request to email@example.com.
Unspent funds from withdrawn projects under the second NER 300 call amounting currently to some EUR 532 million will be channelled into the Innovation Fund, newly established under the revised Emission Trading System Directive. The fund will mobilise some EUR 10 billion, depending on the carbon price, and will be one of the first tools to support the implementation of the European Commission’s vision for a long-term strategy ‘A clean planet for all’. It will drive innovative low-carbon technologies towards the market and unleash investments in all Member States. It will support low-carbon demonstration projects in energy intensive industries, renewable energy, energy storage and CCUS sectors. The first call is expected to be launched in 2020.
Please find the documents and templates for the knowledge sharing aspects of the NER 300 programme below.
Knowledge sharing requirements are built into the legal basis of the NER 300 programme as a tool to lower risks in bridging the transition to large-scale deployment.
Together with the projects, the European Commission has developed knowledge collection forms that are used when submitting relevant knowledge.
For the preparation of presentations and videos, please indicate that your project has been supported by the European Union under its NER 300 Programme, showing the EU flag: