Don Valley CCS scheme leads race for European Commission funds

By Terry Slavin London

 19 July 2012 22:59 GMT

The UK’s Don Valley Power carbon capture and storage project in Yorkshire is the frontrunner to win a share of €1.3 billion ($1.59 billion) to €1.5 billion in funding from the European Commission.

Poland’s Belchatow is in second place, while Air Liquide’s Green Hydrogen project in the Netherlands is in third place.

The EC gave the rankings in an interim report on its NER300 programme, which will auction off 300 million European Union carbon credits to raise money for large-scale CCS and cutting-edge renewable energy projects. Final award decisions are due to be made by the end of the year.

The EC had originally hoped to raise up to €6 billion through the sale of the first tranche of 200 allowances, and fund up to eight…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index