EU funds, 66 projects submitted for €300 m to Innovation Fund call for proposals
In November new procedure for major initiatives with budget doubled to €3 bn
The European Commission has received 66 applications to the latest call under the Innovation
Fund, one of two funds (along with the modernization fund) financed by the sale of ETS allowances.
The call, the second reserved for small-scale projects (with capital expenditures from €2.5 m to €7.5 m), saw initiatives submitted in all eligible categories: renewable energy (25 projects), energy storage (8), energy-intensive industries and CES (33).
The proposed projects, to be implemented in 22 EU states, entail investing €307.3m, three times more than the €100 m made available under the call launched last March.
In the next step, informs a Commission’s message, independent external evaluators will verify the eligibility of the submitted applications by the end of the year. Then financing agreements with the selected entities will be signed in the second quarter of 2023.
The EU executive also announced that the third call for large-scale projects (costing more than €7.5 m) under the Innovation Fund will be launched in November and will have a budget doubled to €3 billion, as per the REPowerEU plan.
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12 September 2022 - 16:03 CEST