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EU announces €3bn boost for renewables

June 24, 2024

Via: reNews

The European Union has announced nearly €3bn in backing for renewables projects across the continent.

It has paid out €2.967bn via the Modernisation Fund to support 39 energy projects in 10 EU Member States.

These investments will support the upgrading of energy systems, reducing greenhouse gas emissions in the energy, industry and transport sectors, and improving efficiency.

This is the largest disbursement to date via the Modernisation Fund, bringing the total spending to €12.65bn since January 2021.

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