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Cañete promises new way to finance ‘risky’ EU energy projects

( September 23, 2015, 14:54 GMT | Official Statement) -- MLex Summary: EU environment commissioner Miguel Arias Cañete says Europe needs new ways to finance “risky” projects such as offshore wind farms. Speaking at a two-day conference on the Strategic Energy Technology Plan in Luxembourg, Cañete said the EU was ready “to kick-start an innovation-led transition to a low-carbon and high-growth economy.” But he said public money would never be enough to cover the cost of large-scale renewable-energy projects, and that the European Fund for Strategic Investments would leverage as much private investment as possible....

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