NER 300 backs floating wind, solar

NER 300 – which uses revenue from the EU Emissions Trading Scheme to back pre-commercial clean energy initiatives – handed out about €1bn ($1.36bn) to 19 schemes.

The Spanish BALEA and FloCan5 floating wind power projects each get up to about €34m.

BALEA will place two 5 MW and two 8 MW wind turbines on floating foundations in the Bay of Biscay, said the EC.

FloCan5