Delivering Member States’ plans regarding nuclear energy will require significant investments, of around €241 billion until 2050, both for lifetime extensions of existing reactors and the construction of new large-scale reactors. Additional investments are needed for Small Modular Reactors (SMRs), Advanced Modular Reactors (AMRs) and microreactors and in fusion for the longer-term future, the Commission has assessed […]
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European Commission and EIB strengthen support for Innovation Fund decarbonisation initiatives
The European Commission and the European Investment Bank (EIB) have signed an agreement renewing Project Development Assistance (PDA) under the Innovation Fund to increase technical and financial advisory support for innovative decarbonisation projects that are either not selected via the Fund or are preparing to apply. The renewed PDA agreement aligns with the EU’s Clean Industrial Deal, which […]
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EU Review of Final Energy and Climate Plans: Questions and Answers
In this publication, we attach a press release from the Commission on the National Energy and Climate Plans. Are the EU and its Member States set to meet the EU’s binding energy and climate targets for 2030? The Commission assessment of the final National Energy and Climate Plans (NECPs) indicates that, overall, Member States have presented significant improvements […]
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Nearly €1 billion awarded to boost renewable hydrogen development.
Last May 20, the Commission announced the selection of 15 renewable hydrogen production projects for public funding across the European Economic Area (EEA). The projects, located across five countries, are expected to produce nearly 2.2 million tonnes of renewable hydrogen over ten years, avoiding more than 15 million tonnes of CO₂ emissions. The hydrogen will be produced in sectors such […]
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Commission approves €612 million in Portuguese aid for energy-intensive companies
The European Commission has approved, under EU State aid rules, a €612 million Portuguese scheme to lower electricity levy rates for energy-intensive companies. The scheme intends to reduce the risk that these energy-intensive companies relocate their activities to countries outside the EU with less ambitious climate policies. An energy-intensive company is a business that consumes […]
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Parliamentary proposals to support energy-intensive industries
The EU must take action to strengthen the competitiveness of energy-intensive industries and help them make the transition to clean industrial processes. In a resolution adopted on Thursday, the plenary notes that energy-intensive industries, such as those involved in the production of chemicals, steel, paper, cement and glass, are crucial to the EU economy and […]
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Spanish group NorteGas backed with €80 million to build biomethane plants in Spain
The European Investment Bank (EIB) has granted Nortegas Group a framework financing of up to €80 million to enable group subsidiary Nortegas Renovables to finance the construction of biomethane plants in Spain and launch a digital operations centre. The EIB and InvestEU-financed project will enable the development of the first phase of Nortegas Renovables’ strategic plan, […]
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Geothermal energy: Potential and benefits
Geothermal energy has significant potential to assist in achieving EU targets for the uptake of renewables and the decarbonisation of the energy sector, particularly for heating and cooling. Geothermal energy is a renewable energy source harnessed from the thermal energy stored in rocks and fluids deep within the earth’s crust. Drilled wells connect the fluid […]
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Eurobarometer shows Europeans want more support for saving energy and adopting clean energies
A wide-ranging survey published today shows that European citizens support the energy policy pursued by the EU in the last five years. Looking ahead, they express their strong backing for more EU-wide coordination, and even more efforts at EU and national level to make energy prices more affordable, as we pursue the clean energy transition and ensure our energy […]
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