EU contributes EUR 1 bn for 15 energy projects

Dec 09, 2009 01:00 AM

The European Commission approved 15 energy projects which it said will contribute to the economic recovery of the EU, while increasing security of energy supply and substantially reduce CO2 emissions. With the decision, the EU's executive body granted EUR 1 bn to six Carbon Capture and Storage projects and EUR 565 mm to nine offshore wind energy projects.
"With this decision the Commission has laid the foundation for the development of two key sustainable technologies that will be essential in our fight against climate change," commented EU Energy Commissioner Andris Piebalgs.

The decision on these 15 projects is the first step towards the use of almost EUR 4 bn set aside by the EU in May 2009 for energy projects to support economic recovery.

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