Construction Industry News
The first cross-border call for tenders to encourage cooperation between Member States in renewable energy projects has been approved by the European Commission to accelerate the achievement of clean energy targets.
The competition takes place as a result of the agreement between Luxembourg and Finland to cooperate as part of the renewable energy financing system.
Interested parties can start submitting their bids via the financing and bidding site on 18 April 2023. Developers of new renewable energy projects using solar photovoltaic technology will receive grants.
The first cross-border request for proposals between EU Member States has been made.
According to the Commission, the action ushered in a new era of cooperation in the field of renewable energy and the achievement of the objectives of the European Green Deal and REPowerEU.
Luxembourg has chosen to make a voluntary contribution of €40 million (approximately $44 million), and Finland will host the competing projects that will compete for funding.
The tender structure will be a request for tender. The European Executive Agency for Climate Infrastructure and the Environment (CINEA) will implement it.
After the call for proposals closes after six months, CINEA will evaluate the competing submissions and award the chosen projects based on the lowest bid price until the allocated budget has been used.
The selected projects must complete the installation within 24 months and produce a minimum amount of renewable electricity in subsequent years.
To be eligible for the tender, a company must build a new PV installation with a capacity between 5 and 100 MW in compliance with the rules of the tender.
The tender will enable Luxembourg to tap into renewable energy opportunities beyond its borders while assisting in the rapid expansion of large-scale solar photovoltaic projects in Finland.
The statistical benefits of the renewable energy generated by the sponsored projects will be shared between the two countries over the next 15 years.
Recently, the European Parliament and Council reached a temporary agreement to increase the binding renewable objective for the European Union from 32% to a minimum of 42.5% by 2030. It would entail double the EU's current share of renewable energy sources. The updated Energy Performance of Buildings Directive, which requires solar rooftop systems for all new buildings by 2028 and residential building renovations by 2032, was approved by the EU Parliament earlier in the month.
