EU approves €2 billion fund to decarbonize Greek islands
Reported bypv magazine ↗·Sourced by Goodlede
The European Commission and European Investment Bank have approved a €2 billion Islands Decarbonization Fund for Greece to finance electricity interconnections between islands and the mainland, clean energy projects, energy storage, and electric mobility across Greek islands, reducing reliance on oil-fired generation.
The fund resources are estimated at €2 billion based on current EU Emissions Trading System allowance prices, which fluctuate.
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