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

Trump scraps US climate policy blocks offshore wind exits Paris Agreement

Trump scraps US climate policy, blocks offshore wind, exits Paris Agreement

21 January 2025 - President Donald Trump substantially reversed the US energy and climate policy. He is withdrawing the country from the Paris Agreement again.

Hungary suffers highest cross-border electricity price volatility spillovers in EU

21 January 2025 - IMF has examined wholesale electricity price volatility and its spillover effects across 24 countries in the European Union

Trump declaring energy emergency Drill baby drill

Trump declaring energy emergency to ‘Drill, baby, drill’

20 January 2025 - In his inauguration address, United States President Donald Trump vowed to bring energy prices down, with an emphasis on raising oil and gas production

Kontrolmatik floating solar power plant Ankara

Kontrolmatik commissions floating solar power plant near Ankara

20 January 2025 - Kontrolmatik launched production at a floating solar power plant of 1 MW in peak capacity on the Bayındır lake in Ankara province