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EU to hold 15GW of renewables tenders as part of €750bn green stimulus

Friday, 29 May 2020

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The European Commission is planning to hold 15 GW of renewable-energy tenders over the next two years at a cost of €25bn, according to a  document revealing the EC COVID-19 related green economic stimulus plans. 

 The EU Commission plans on allocating €5-30bn to scale-up 1 million tonnes of clean hydrogen production by 2030 to be subsidised through a pilot Carbon Contracts for Difference (CCfD) scheme. The scheme would pay the difference between the CO2 strike price and actual CO2 price in the ETS  to bridge the cost gap between conventional and decarbonise...

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