The European Commission has launched the first call for funding with EUR 4,500 million for demonstration projects of innovative technologies with low CO2 emissions and renewable energy as wind, solar thermal and photovoltaic.

The objective of this program is to encourage private companies and Member States to invest in renewable energy.

“This may give the necessary impetus for the EU to remain at the forefront of climate-friendly technologies. Europe has the expertise, ability and ambition to lead the global development of technologies necessary to address climate change, “said the commissioner responsible for Climate Change, Connie Hedegaard.

The initiative will be financed through the sale of 300 million allowances found in the allocation of emissions trading system in the EU. The European Investment Bank (EIB) will be responsible for selling these permits before January 1, 2013.

At current market price, the amount of the initiative is about 4,500 million euros, making it the largest program of its kind in the world. Brussels finance half of each project and the sponsoring company and the home Member State shall provide the remaining 50%, bringing total funding is placed at 9,000 million.

In particular, will be funded at least eight projects with carbon capture and storage (CCS) and thirty-four projects, at least, related to innovative technologies in the field of renewable energy.

Companies interested in submitting proposals have three months to submit tenders at national level. Be funded from a minimum of a project and a maximum of three per Member State.

Electric vehicle with lithium batteries do not emit CO2 or damage the environment if the electricity comes from renewables such as wind, solar photovoltaic and solar thermal or thermal. Wind turbines can supply electricity to electric vehicles in the future will also serve to store and regulate the electricity intermittent wind energy sector.

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