More than 40 Megawatt of new solar energy capacity for agri-food irrigation is planned through innovative financial instrument proposals for the CAP in Spain. This is being progressed by the SolAqua Horizon project which is focused on increasing Europe’s share of renewable energy consumption through solar powered irrigation by the agri-food sector.
A core component of SolAqua’s knowledge development and networking actions involve piloting new credit tools to facilitate market uptake of photovoltaic irrigation systems. The project’s financial instrument tests will help support contributions to the European Green Deal’s Fit for 55 initiative regarding reducing greenhouse gas emissions. SolAqua staff are keen to share their proposals and they invite CAP Managing Authorities to contact them for further information about their inspired use of CAP financing. They highlight the range of possibilities that CAP Managing Authorities can take advantage of from financial instruments - to help make public money go further and investing in climate action more affordable for the agri-food sector.
