A call was issued for funding of Innovative Renewable Energy projects under the NER 300 (http://ec.europa.eu/clima/funding/ner300/index_en.htm). For Malta, the projects that will be given preference are: Wind and Ocean/Wave.
Only three projects per Member State are allowed and thus small Member States such as Malta offer interested foreign companies an attractive route to benefit from such funding. Furthermore, as per the NER300’s implementation of Article 10a (8) of the revised Emissions Trading Directive’s requirement for “geographic balance”, every Member State should 'get at least one' NER300 project. To facilitate this, the selection rules may be adjusted by allowing a Member State to propose a project below stipulated capacity thresholds. Malta did not benefit from a NER300 project in the first round of calls for proposals.
For renewable energy projects to be eligible they need to be innovative, i.e. that existing technologies are ineligible.Projects need to meet the following criteria: