Unspent eu recovery funds for energy efficiency
The EU Parliament has just adopted a Commission proposal for an amendment to the EEPR that will free up a total of €146 million of funds that will have been unspent by the end of 2010.
13-01-2011
The funds, which will be managed by the European Investment Bank, will be directed primarily to local and regional authorities or private entities acting on behalf of public bodies in the form of loans, guarantees, equity or other financial products.
The Commission’s proposal provides a list of the projects that will be eligible for funding:
- renovations of public and private buildings to improve energy efficiency or switching to renewable energy;
- the construction of renewables-based heat-and-power installations, with distribution networks, and their integration into electricity grids;
- clean urban public transport solutions, particularly electric and hydrogen vehicles;
- local infrastructure, including efficient street lighting, electricity storage, smart metering and smart grids.