EU islands facility NESOI to support 28 clean energy projects
A total of 28 innovative clean energy projects have been selected to receive EUR 3.2 million (USD 3.9 million) in financial, technical and legal assistance under the NESOI facility, that was launched by the European Commission to support islands in driving the energy transition, according to a report by Renewables Now.
Almost all of the winning projects involve renewable energy production, mostly from solar photovoltaic (PV) installations, but also wind, pumped hydro and tidal energy.
The awardees include two projects from the Baltic region, five from the Atlantic, seven from the West Mediterranean and 14 from the East Mediterranean. They are spread across 40 EU islands in 10 countries. Combined, these projects are expected to generate nearly EUR 1 billion in investments from a wide range of stakeholders.
NESOI is a Horizon2020 project set up in 2019. The consortium of partners behind it includes E.ON Innovation, which alone will support six of the projects spread across 14 European islands, the company said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.