Loading...
Effective today, The ROBERT | CHARLES Group is discontinuing our postings and links to content and news for investing in worldwide cap and trade and sustainable energy markets. This blog will be phased out in the coming days and weeks.

Friday, July 13, 2012

Yorkshire leads race for €1.5bn EU carbon capture funding

Yorkshire leads race for €1.5bn EU carbon capture funding | Environment | guardian.co.uk
Four UK carbon capture and storage (CCS) projects and one marine energy scheme are under consideration for up to €1.5bn of EU funding.  2Co's Don Valley Power project heads the list of eight CCS proposals, followed by the Belchatow project in Poland, and the Green Hydrogen industrial project in Holland, according to a report published by the European Commission yesterday.  However, the Commission said only the first two to three projects were likely to be supported within the available funds, which leaves the remaining UK proposals at risk of missing out in this first tranche of funding, despite passing due diligence in March.  The remaining projects are Progressive Energy's planned Teesside plant, which ranked fourth, the White Rose proposal backed by Boc, Drax, Alstom and National Grid in fifth place, and C.GEN's project in Killingholme, Yorkshire, in sixth. SSE's proposed post-combustion capture system in Peterhead is second on the reserve list, behind the Getica project in Romania.

No comments:

Post a Comment

The information and data contained on this website was obtained from sources considered reliable. Their accuracy or completeness is not guaranteed. Information provided on this website is not to be deemed as an offer or solicitation with respect to the sale or purchase of any securities or commodities. Any decision to purchase or sell as a result of the opinions expressed on will be the full responsibility of the person authorizing such transaction.