OCTA

Overseas Countries
and Territories Association

20190226

Commission makes available €100 million for innovative clean technology projects

Aruba, Curaçao, Bonaire, French Polynesia, French Southern and Antarctic Lands (TAAF), Greenland, Saba, New Caledonia, Saint-Barthelemy, Saint-Pierre-and-Miquelon, Sint Maarten, Wallis and Futuna

The European Commission is launching the second call for small-scale projects under the Innovation Fund.

The new call will provide grant funding of €100 million to small-scale projects, i.e. projects with a capital expenditure between €2.5 and 7.5 million, in renewable energy, energy-intensive industries, energy storage, and carbon capture, use and storage.

The funding will help highly innovative technologies, which are sufficiently mature and have a strong potential to reduce greenhouse gas emissions compared to conventional technologies, overcome the risks linked to commercialisation and reach the market.

Applicants can submit their proposals via the EU Funding and Tenders portal where more details on the overall procedure are available. The deadline for submission of applications is 31 August 2022. Applicants will be informed about the results of the evaluation in the first quarter of 2023. The grants will be awarded to successful projects indicatively in May 2023.

More information is available on the European Commission website here.