Sunday, June 16, 2024
 
 

EU Island Facility NESOI unveils clean energy projects

The selection includes 2 projects from the Baltic region, 5 from the Atlantic region, 7 from the West Med region and 14 from the East Med region

- Advertisement -

The EU Islands Facility NESOI, with the objective of facilitating the energy transition in islands, has confirmed support for 28 innovative clean energy projects which, combined, are expected to avoid around 300 kilotonnes of CO2 per year and generate close to €1 billion in investments.

“European islands play an essential role in achieving the Green Deal objectives and making the European Recovery Plan a success,” said Project coordinator Andrea Martinez, from SINLOC Sistema Iniziative Locali. “The number of applications received showed a great commitment towards a greener energy future.”

Announcing the results of its initial efforts to engage European Island communities in its energy innovation programme, the EU Island Facility NESOI noted on May 27 that through its first open call launched in October 2020, the facility received 117 applications from 14 countries involving over 100 islands.

Out of the 117 submitted project proposals, 28 were finally selected to receive support from the facility: a combined total of €1.6 million in the form of technical and legal assistance, and €1.6 million of financial support to carry out complementary studies and action plans. Along with the backing from the facility, the selected projects are expected to generate more than €1 billion of investments from a wide range of stakeholders, EU Island Facility NESOI said in a press release.

The selection, geographically spread across 40 EU islands in 10 countries, includes two projects from the Baltic region, five from the Atlantic region, seven from the West Mediterranean region and fourteen from the East Mediterranean region.

The supported projects have also been divided into three broadly defined “maturity levels”. Seven of the selected projects are at “entry-level”, whereby no previous significant planning has been carried out by the beneficiaries. Fourteen of the initiatives are at a “conceptual design” stage, meaning that the beneficiaries have identified projects of interest to the island, but no substantial groundwork has been carried out to ensure their feasibility yet. Finally, seven projects are at “deployment level”, meaning that the beneficiaries have verified the feasibility of their projects and intend to implement them, the press release read.

Focusing on different energy technologies, the effects of the selected projects on their local energy systems will vary. Almost all projects will involve the production of energy from renewable energy sources, mainly photovoltaics but also from wind, pumped hydro, and tidal energy. Just over half of the selected projects are also interested in two energy storage systems and energy efficiency interventions on public assets.

The selected projects will support the EU Island Facility NESOI environmental and economic objectives as well as contribute to achieving the EU’s broader clean energy targets as outlined in the EU Green Deal. The estimated primary energy savings to be obtained by these projects amount to 541.5 GWh/year, with an average of 19 GWh/year per project. On the other hand, the expected average contribution per initiative in reducing greenhouse gas emissions is by 10.5 kilotonnes of CO2 per year. Combined, the 28 selected projects are expected to avoid around 300 kilotonnes of CO2 per year.

The validation of the selected projects is completed and kick-off activities for several of them are expected to begin next month, the EU Island Facility NESOI said, adding that it will launch a second open call for applications in the autumn of this year.

- Advertisement -

Subscribe to our newsletter

Co-founder / Director of Energy & Climate Policy and Security at NE Global Media

Latest

Genocide Rears its Ugly Head in Sudan’s Brutal War

The UN Security Council has called for a halt...

Trans-Caspian International Transport Route platform launched in Astana

In a major step forward for regional transport coordination,...

Berlin Ukraine Recovery Conference

Although partially overshadowed by urgent Ukrainian requests for emergency...

EU-Central Asia discuss security challenges, joint cooperation

The European Union and the five Central Asian Deputy...

Don't miss

Genocide Rears its Ugly Head in Sudan’s Brutal War

The UN Security Council has called for a halt...

Trans-Caspian International Transport Route platform launched in Astana

In a major step forward for regional transport coordination,...

Berlin Ukraine Recovery Conference

Although partially overshadowed by urgent Ukrainian requests for emergency...

EU-Central Asia discuss security challenges, joint cooperation

The European Union and the five Central Asian Deputy...

Manila rejects Beijing’s South China Sea demands as “absurd”

The Philippine Coast Guard accused its Chinese counterpart on...

Berlin Ukraine Recovery Conference

Although partially overshadowed by urgent Ukrainian requests for emergency help with its immediate air defense needs, as well as political shockwaves emanating from the...

World Oceans Day calls for action to protect coastal communities and marine ecosystems

UN World Oceans Day, which is officially on June 8, was celebrated on June 7 at UN Headquarters in New York, focusing on protecting...

U.S.-Kazakhstan Enhanced Strategic Partnership Dialogue deepens political and economic ties

The sixth annual United States-Kazakhstan Enhanced Strategic Partnership Dialogue (ESPD) was held in Washington D.C. on May 31.The U.S.-Kazakhstan Enhanced Strategic Partnership Dialogue was...

Interview: EU and Turkmenistan are getting closer

NE Global sat down exclusively with Sapar Palvanov, Ambassador of Turkmenistan to the Kingdom of Belgium, also accredited as the head of the Mission...

Azerbaijan, Kazakhstan, Uzbekistan open path for integrating energy systems with the EU

On May 1, during the Tashkent International Investment Forum in Tashkent, Azerbaijan, Uzbekistan and Kazakhstan signed a memorandum of cooperation on merging the energy...

COP29 in Azerbaijan to focus on peace, climate finance, green issues

During this year’s United Nations climate conference COP29, host-country Azerbaijan will strive to act as a bridge-builder between all members of the international community,...

Tackling new threats to critical energy infrastructure

The explosions that targeted the Nord Stream pipelines from Russia to Germany in September 2022 and the suspected sabotage of Baltic-connector pipeline, which supplies...

Navigating the climate challenges for COP29

The impacts of climate change have become more evident as greenhouse gas emissions (GHG) from human activities cause increased heat, drought, floods etc. Changes...