24 sustainable projects funded to help achieving Commission’s goal of an Energy UnionJune 14, 2016
Hat: 24 sustainable projects have been funded to help achieving Commission's goal of building an Energy Union
Funding Scheme: 2016-06-14
Pgm2014 2020: Yes
The Investment Plan for Europe is moving the Commission’s goal of building an Energy Union forward, by channeling 29% of the available funding in to the energy sector.
24 projects have been financed, from renovating buildings to make them energy efficient in France, to a new onshore wind farm in Sweden. 11 Member States have received support for sustainable, low carbon projects, in line with the EU’s energy and climate goals.
These projects already funded are supporting the achievement a carbon-free electricity sector. By 2030, half of all Europe’s electricity should be powered by renewables and it should be carbon-free in about 35 years. A smart meters project in the UK, the creation of an infrastructure investment fund to support financing for larger renewable energy projects, in wind, biomass and the transmission of electricity generated offshore in Denmark are expected to contribute to reaching the 2030 energy and climate goals, in line with the Paris Agreement. An additional €16.9 billion in investment is expected in sustainable and low-carbon energy projects over the coming years
Url description: Press room - European commission