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Funding: Take up in latest call for NER300 limited

Member state governments have proposed just one carbon capture and storage project (CCS) for the second round of funding from the NER300 programme, an EU scheme that supports low-carbon technologies. The only project to be submitted was from the White Rose project in Yorkshire UK. So far NER300 has financed thirty-two renewables proposals from 15 countries which require match funding from governments or private sector backers. About €430m is thought to be available in this second round and €288m was left over from the first round after a CCS project in France was withdrawn. The first round saw 10 CCS projects submitted to the European Investment Bank that administers the scheme. Under the scheme’s rules, each country should receive funding for only three projects. Germany, which had three successful renewables projects in the first round, has not submitted any more proposals. But Sweden also received funding for three projects and has submitted a further two applications. The UK received funding for two marine energy projects in the first round and has warned its renewables sector that it is supporting CCS in the second round, making it unlikely that other bids will be successful. The highest number of second-round submissions were from Cyprus and France, which both put forward four renewables projects. The final decision on which projects will be funded is due by September 2014. READ MORE

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Issue 25