A group of organisations active in the development of Renewable energy have released a statement detailing how the NER300 is an invaluable tool in ensuring the commercial roll-out of innovate technologies, in bridging the gap between R6D funding and revenue support instruments for innovative renewable technologies
The scheme is not perfect, however, and the statement suggests how the new innovation fund could build on the lessons learnt.
The Innovation Fund should:
Provide upfront funding and fit-for-purpose financial instruments
Limit awards to individual projects to €300million
Focus on replicable projects, to boost industrial competitiveness
Create a high and stable carbon price to maximise the value of the Innovation Fund and provide a boost for EU innovative investments