Renewable Energy Financing Mechanism: new call kicks off
In order to support new renewable energy projects and encouraging greater RES deployment across the Continent, the European Union put in place the renewable energy financing mechanism RENEWFM. After being initially scheduled for February 28 and then postponed several times, the first call for proposals of the mechanism is officially open from 18 April.
Renewable Energy Financing Mechanism Technology specific - Solar PV
The first call for proposals of the Renewable Energy Financing Mechanism (RENEWFM) kicks off today April 18 and will be dedicated to solar PV. Through their National Integrated Energy and Climate Plans (NIPECs), which are to be finalized and sent to Brussels by June, European states also commit to meeting a voluntary share of renewable energy. A trajectory, however, that not all are able to follow.
An issue at the heart of the Renewables Directive, on which negotiations between the European institutions are being finalized, which includes several mechanisms for cooperation between member countries on joint projects.
The new financing mechanism, EU Renewable Energy Financing Mechanism (RENEWFM) opens a