Copenhagen, August 20 - Neftegaz.RU. The European Commission said on August 17 it approved of renewable energy schemes proposed by a Danish government looking to meet half of its energy needs from renewable resources by 2030 and make a complete break from fossil fuels by 2050.
Denmark aims to support new technology in wind and solar installations with $127.5 million in funding. Demonstration projects for large-scale onshore wind projects at Danish national test centers are supported by a budget of $30 million.
The beneficiaries of the aid will be selected through 2 tenders organised in 2018 and 2019, with the different technologies competing with each other. The selected installations will offer their electricity on the market and receive support in the form of a premium on top of the market price (top-up payment).
The European Commission concluded the funding would help Denmark meet its renewable energy goals without distorting the market. The aid for the 3 schemes will be granted for a period of 20 years from the time of the connection to the grid. The renewable support schemes are financed from the State budget.