A total of 14 UK projects using carbon capture and storage (CCS) and innovative renewable projects have applied to a European Union fund worth up to €9bn (£8bn).
Funding will be granted via the European Union’s New Entrant Reserve (NER) scheme – a fund worth between £3.8bn and £7.6bn to support carbon capture and storage (CCS) and innovative renewable projects across the European Union.
Of the 14 applications received, nine were for CCS projects and five for innovative renewables.
The CCS projects are from Scotland and England with seven planned to capture CO2 from coal-fired power plants, and the other two to capture emissions from gas-fired plants.
The renewable projects are based in Scotland and the North East of England and include tidal, wave and offshore wind schemes.
“The strong level of interest received for CCS projects in particular is heartening – it shows that UK industry is keen to move forward in the development of CCS and confirms the lead that the UK is taking in this critical technology,” said Energy Minister Charles Hendry.
Firms who have applied for funding include Scottish and Southern Energy, Powerfuel Power, Alstom, and Ayrshire Power.
The coalition Government is providing up to £1bn in funding for the first commercial-scale CCS project and is committed to providing public sector investment in three further commercial-scale CCS projects.