Tag: REPowerEU Plan

Innovation Fund: EU invests €3.6 billion of emissions trading revenues in innovative clean tech projects

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The Commission is awarding over €3.6 billion to 41 large-scale clean tech projects, to be financed through the EU Innovation Fund. With a focus on the REPowerEU Plan and phasing out Europe’s imports of Russian fossil fuels, these projects cover a wide range of industries, such as cement, steel, advanced biofuels, sustainable aviation fuels, wind and solar Read more about Innovation Fund: EU invests €3.6 billion of emissions trading revenues in innovative clean tech projects[…]

European Green Deal: €4.11 billion from the Modernisation Fund to accelerate the clean energy transition in 8 Member States

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In its second year of operation, the Modernisation Fund has disbursed a total of €4.11 billion in support of 61 projects in eight beneficiary countries. These projects will help modernise energy systems, reduce greenhouse gas emissions in energy, industry, transport and agriculture, and improve energy efficiency. Supporting these investments will help those Member States to meet Read more about European Green Deal: €4.11 billion from the Modernisation Fund to accelerate the clean energy transition in 8 Member States[…]

State aid: Commission approves €4 billion Romanian scheme

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The European Commission has approved a €4 billion (approximately RON 19.7 billion) Romanian scheme to support companies across sectors in the context of Russia’s invasion of Ukraine. The scheme was approved under the State aid Temporary Crisis Framework, adopted by the Commission on 23 March 2022 and amended on 20 July 2022, based on Article 107(3)(b) of the Treaty Read more about State aid: Commission approves €4 billion Romanian scheme[…]

Innovation Fund: EU invests €1.8 billion in clean tech projects

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The EU is investing over €1.8 billion in 17 large-scale innovative clean-tech projects with a third round of awards under the Innovation Fund. Grants will be disbursed from the Innovation Fund to help bring breakthrough technologies to the market in energy-intensive industries, hydrogen, renewable energy, carbon capture and storage infrastructure, and manufacturing of key components Read more about Innovation Fund: EU invests €1.8 billion in clean tech projects[…]

€2.4 billion to accelerate the green transition

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The Modernisation Fund made available €2.4 billion to seven beneficiary countries to help modernise their energy systems, reduce greenhouse gas emissions in energy, industry and transport, and support them in meeting their 2030 climate and energy targets. Investments were confirmed in Romania (€1391.6 million), Czechia (€520 million), Poland (€244.2 million), Lithuania (€85 million), Hungary (€74.3 Read more about €2.4 billion to accelerate the green transition[…]