Enigin Update - Unspent Money to be Used for Energy Efficiency Projects
THE European Parliament’s Energy Committee has given a green light to free up €146 million of uncommitted funds to finance energy saving, energy efficiency and renewables projects.
Amended legislation on the European Energy Recovery Plan (EERP), will channel the unspent money into a new fund to finance energy efficiency improvements in public and private buildings and/or switch to renewable energy, amongst other measures.
The fund will focus chiefly on helping local and regional authorities to pay for such projects, with the money provided in as loans, guarantees, equity or other financial support. However, projects will have to be economically and financially viable to payback on the investment.
Up to 15% of the funding may be used to provide technical assistance to public authorities to help set up the projects. Geographical balance is to be an important criterion in the selection of projects.
Enigin Distributors have cutting edge energy saving solutions from Enigin, which is already being used worldwide by public and private sector organisations to reduce energy use, reduce greenhouse gas emissions and save money.
Picture by inyucho
