Photo: Christian Lue/Unsplash
The European Commission has began the second cross-border tender for renewables below the EU Renewable Energy Financing Mechanism (RENEWFM).
The name, which can stay open till March 4, 2025, will assist the development of floor mounted photo voltaic initiatives positioned in Finland and onshore wind initiatives positioned in Estonia. Projects have to be constructed and commissioned inside two to 3 years from the shut of the decision. The tender will probably be managed by the European Climate, Infrastructure and Environment Executive Agency (CINEA).
The first cross-border photo voltaic tender within the EU was launched in April 2023 and earlier this 12 months, noticed CINEA signal provide agreements for seven photo voltaic initiatives throughout Finland with a mixed capability of 212.99 MW.
The Commission established RENEWFM in 2020 to encourage a higher growth of renewables throughout the EU. Member states can both be contributing nations, and make direct funds to this system, or be host nations, and permit installations to be developed on their territory. Contributing and host nations share the statistical advantages of the renewable vitality produced.
Luxembourg supplied a voluntary cost of €52.4 million for the second funding name, after investing €40 million within the first.
CINEA says it’s going to manage an info day later this summer time, the place it’s going to clarify the situations of the decision, award standards and rating of tenders, in addition to guidelines for granting the grant.
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