Wider use of renewable energy sources in energy production

The purpose of this measure is to allocate the funds from the EU European Regional Development Fund (period 2007-2013) to increase the share of renewable energy sources in energy production. The supported activities are:

• - installing CHP stations with grid connections and infrastructure,
• - fuel switch from fossil fuel to renewable,
• - reconstruction of district grid.

The only investments not supported were for CHP larger than 2 MW electrical and 4 MW thermal energy (outside the islands), and projects with a budget over 50 million Euros.

The projects are evaluated, among other variables, based on technical feasibility, amount of co-investment, sustainability, effect on regional development.

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