Achieving or maintaining global leadership in renewable energy technology requires that the innovative solutions are also affordable. Therefore cost reductions remain a crucial necessity for existing or new technologies. This specific challenge is in line with the sectorial cost reduction targets stated in the respective Declarations of Intent of the SET Plan, where applicable.
Proposals will address one or more of the following issues:
Beside the development of the technology, the proposal will have to clearly address the following related aspects where relevant: potentially lower environmental impacts, issues related to social acceptance or resistance to new energy technologies, related socioeconomic issues.
The Commission considers that proposals requesting a contribution from the EU of between EUR 2 to 5 million would allow this challenge to be addressed appropriately. Nonetheless, this does not preclude submission and selection of proposals requesting other amounts.
The proposed solution will reduce the CAPEX and/or OPEX of energy generation from any of the mentioned renewable sources making it comparable to generation costs from competing fossil fuel sources.
Dateline for submission: 31 January 2018 17:00:00 (Brussels time)
Source: The European Commission
Illustration Photo: Geothermal power plant in Iceland (credits: tonytruetonethomas / Flickr Creative Commons Attribution-NonCommercial 2.0 Generic (CC BY-NC 2.0))