The EU has re-allocated EUR115m out of EUR3.98bn fund that was launched under the European Energy Recovery Programme for financing energy projects such as cross-border gas and electricity inter-connectors, offshore wind parks and carbon capture and storage projects.
The funding will be utilized for energy efficiency projects, including combined heat and power and district heating and cooling networks, renewable energy technologies, clean urban transport, efficient street and outdoor lighting for public infrastructure, electricity storage and smart grids.
The projects, in order to be eligible to get the funding, need to show the promise of making a rapid, measurable and substantial impact on economic recovery, while increasing energy security and reducing carbon emissions.
