Hungary’s development ministry said it had selected two projects for the second tender of the NER300 programme, which funds innovative low-carbon technology and renewable energy projects. NER300 is managed jointly by the European Commission, the European Investment Bank and member states.

The projects of Earth Energy Hungary (geoplutonic power plant) and GREEN-IDS Technology (bioenergy plant) were sent on July 3 to the Commission and the EIB. The Commission is expected to publish the decision on the winning projects on September 3 next year.

In the first call for proposals of the NER300, the Hungarian project submitted won 39.3 million euros in funding for an innovative geothermal power plant to be built by EU-FIRE EGS Hungary Consortium.

(MTI)