EU to pump in $1.8bn investment in energy transition projects
The EU announced €1.8bn ($1.8bn) of funding for 17 large-scale renewable energy and decarbonization projects. The projects include hydrogen, renewable power generation and advanced biofuels projects. Collectively, the projects could save 136mn t/CO2 equivalent over their initial decade of operations. Successful applicants include three hydrogen projects, two of which could produce around 70,000 t/yr combined,