Energy Minister Eamon Ryan has today announced new funding for renewable energy companies in Ireland.
Funding will be made available through NER300, a financing instrument managed jointly by the European Commission, European Investment Bank and Member States of the European Union. It will assist 8 carbon capture and storage and 34 renewable energy projects in the EU.
Single or joint ventures in areas such as bioenergy, solar energy, carbon capture and storage, geothermal, wind energy, hydro and ocean energy will be eligible to apply.
“This funding programme is evidence of the ambitious policy plans at European level, to move in a low carbon direction,” said Minister Ryan. “The EU has set a target of 20% renewable energy in the next ten years - Ireland is and will continue to be, one of the main players in this project.