Press Release: Climate action: Commission awards €1.2 billion to kick-start 23 innovative renewable energy projects

The European Commission has awarded over €1.2 billion in funding to 23 highly innovative renewable energy demonstration projects under the first call for proposals for the so-called NER300 funding programme. 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).

• Primary Source

European Commission: MEMO/12/999: Questions and Answers on the outcome of the first call for proposals under the NER300 programme http://europa.eu/rapid/press-release_MEMO-12-999_en.htm

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