Draft act, the Commission would like to hear your views.
Draft acts are open for feedback for 4 weeks and published on this site. Feedback will be taken into account for finalising this initiative. Feedback received will be published on this site and therefore must adhere to the feedback rules.
Type: Draft implementing regulation
Feedback period 06 May 2020 - 03 June 2020 (midnight Brussels time)
"The Commission has this week opened a four-week feedback procedure on the draft rules to establish a new EU financing mechanism to support renewable energy projects. The main objective of this mechanism is to enable Member States to work more closely together in order to achieve their individual and collective renewable energy targets.
As a result, it will also facilitate a more cost-effective deployment of renewables across the EU, in areas that are better suited for it in terms of geography and natural resources and ultimately, it will feed into the European Green Deal ambition of achieving EU carbon-neutrality by 2050.
The mechanism should be in place by the start of 2021, as foreseen under the Governance Regulation.Currently, Member States primarily meet this figure based on the amount of renewables deployed on their territory through national measures. However, there is also an option for using cooperation mechanisms with other Member States (as set up under the revised Renewable Energy Directive) such as statistical transfers or joint projects.
[...] Currently, Member States primarily meet this figure based on the amount of renewables deployed on their territory through national measures. However, there is also an option for using cooperation mechanisms with other Member States (as set up under the revised Renewable Energy Directive) such as statistical transfers or joint projects.
For example, Luxembourg has an arrangement with Lithuania under which renewables produced in the latter count towards the former’s renewables total. This new financing mechanism opens a third possibility: Member States can collectively benefit from renewables projects funded through tenders using this EU-wide financing mechanism.
[..] The ‘Comitology’ process for establishing this mechanism requires the Commission to draft an “implementing act”. This is then subject to feedback during 4 weeks. In parallel, it is also put to a group of Member State experts - the Energy Union Committee. Based on the feedback and upon a positive vote in the committee, the Commission will adopt the implementing act. The planning foresees adoption between July and the end of October, in order to allow the Member States’ effective participation from the start of 2021."