As the National Contact Point (NCP) for the new €10 billion EU Innovation Fund, the Department held a stakeholder Workshop on 10 December 2019. The Innovation Fund will focus on projects achieving Green House Gas (GHG) displacement/reduction.
Some 80 people attended the workshop which included presentations from the EU Commission (DG CLIMA), the Department and two companies with possible projects, Ervia and Saipem.
DG CLIMA stressed there will be an intense period of development during the first half of next year. The first call is expected by mid-June with an additional call for smaller projects (<€7.5 million) expected in 2021. EU support of up to 60% of the eligible costs related to the innovative component of projects can be achieved. The Commission outlined that part of their finalisation process will be to hold thematic sessions in Q1 2020.
Proceedings concluded with a lively question and answer session, which generated an interesting discussion. The presentations from the day can be viewed here:
DG Clima Presentation
Floating Wind Presentation
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