Renewables

Biomass, biogas and geothermal getting EUR 100 million boost

Photo: Pixabay

Published

October 13, 2016

Country

Comments

comments icon

0

Share

Published:

October 13, 2016

Country:

Comments:

comments icon

0

Share

A support programme worth more than EUR 100 million has been drafted for investments in less exploited renewable resources, like biomass, biogas and geothermal, portal Energynomics.ro reported. Romanian Ministry of European Fund said the maximum planned grant per project is EUR 15 million.

The funds will be provided from the European Regional Development Fund and cofinanced by the state through the budget of the ministry. Over EUR 20,1 million is set for next year, for 2018 the sum is EUR 30,1 million, and for 2019 even more – EUR 40,2 million, while EUR 10 million is allocated for 2020.

State aid is not allowed to top 45% of investments in energy generation facilities, according to the scheme. The government’s document adds information from the national strategy for 2007-2020 that renewables account for the production of 6.55 million tonnes of oil equivalent and that the unused technical potential is approximately another eight million, mostly from biomass and biogas.

Related Articles

Green for Growth Fund financial impact targets 2023

Green for Growth Fund tops its financial, impact targets in 2023

15 July 2024 - The Green for Growth Fund kept mitigating climate change and promoting sustainable economic growth last year in its 18 markets

IRENA La Camera renewables must grow higher speed scale

IRENA’s La Camera: Renewables must grow at higher speed, scale

12 July 2024 - IRENA's Director-General Francesco La Camera warned of ongoing patterns of concentration in geography in renewables deployment as well as against complacency

green steel electric vehicles study transport environment

Switching to green steel would add just EUR 8 per electric vehicle by 2040

11 July 2024 - Switching to 40% green steel would add just EUR 57 to the sticker price of an electric vehicle in 2030, according to an analysis by T&E

Albania declares eight winners at 300 MW solar power auction

Albania declares eight winners at 300 MW solar power auction

10 July 2024 - The lowest bid at Albania's solar power auction came in at EUR 39.7 per MWh, against a starting level of EUR 59.97 per MWh