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Renewable energy companies see EU boost in draft financing mechanism

By Giulia Bedini ( May 6, 2020, 16:11 GMT | Insight) -- EU renewable energy companies should see backing from a new financing mechanism to enhance cross-border cooperation between member states as of 2021, according to draft regulation put to public consultation today by the European Commission. Project developers will get financial support in the form of grants or low-interest loans under the planned mechanism, which will pool resources from EU funds, national contributions and private investors. EU renewable energy companies should see backing from a new financing mechanism to enhance cross-border cooperation between member states as of 2021, according to draft regulation put to public consultation today by the European Commission....

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