Clean energy projects receive €1billion from Commission
The European Commission has awarded €1billion funding to 19 projects to combat climate change under the second call of the NER 300 funding programme. The funding will be used to establish technologies that will help to increase production from renewable energy sources across the EU as well as those that can remove and store carbon emissions.
This map reflects the European Union before the withdrawal of the United Kingdom on the 1st of February 2020.
According to EU Commissioner for Climate Action, Connie Hedegaard, “The €1 billion we are awarding today will leverage some additional €900 million of private investment. So that is almost €2 billion of investment in climate-friendly technologies here in Europe. This is a contribution to reducing Europe’s energy bill of more than €1 billion per day that we pay for our imported fossil fuels.”
The NER 300 projects aim to increase the EU’s annual renewable energy production and in conjunction with the 20 projects from the first call, create employment during construction and operation.
Funded projects include the first example of a large-scale CCS project in the EU. For this project, based near Selby in Yorkshire, UK will use oxyfuel technology to capture 90% of the CO2 produced by burning coal at the Drax power plant and will store it safely in an offshore storage site in the North Sea. The CCS project will capture 1.8 million tonnes of CO2 per year, equivalent to taking over a million cars off the roads.
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