EU to award rest of green energy fund within 12 months

Reuters News
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Posted: Dec 18, 2012 7:12 AM
EU to award rest of green energy fund within 12 months

BRUSSELS (Reuters) - The European Commission aims to award remaining funding for renewable energy and carbon capture projects within the coming 12 months, EU Environment Commissioner Connie Hedegaard said on Tuesday.

"Within 12 months, we should be able to award the second round," Hedegaard told a news conference.

The Commission on Tuesday awarded 1.2 billion euros to innovative renewable energy project under a first round of a competition, but failed to pick a winner for CCS category.

(Reporting by Karolin Schaps; editing by Barbara Lewis)