Danish government has set aside €58.5 million (DKK 437 million) to support innovation in green energy sector that will be distributed via two calls for projects over the course of 2019.
The projects will be financed through the Energy Technology Development and Demonstration Program (EUDP), which plans to launch the call for first round of applications on March 1, 2019.
According to EUDP, a ‘good project’ for the program highly innovative, run by private companies, and with global outlook and potential to promote Denmark.
The specific assessment criteria with more details for the applications will follow in the December 2018, EUDP noted..
EUDP was established to support research, development and demonstration of new energy technologies that contribute to energy policy objectives, increase security of supply and create growth and employment.
The second round for applications will be launched in the autumn 2019, according to EUDP.
The latest evaluation of the EUDP has shown the program creates 1.2 jobs, DKK 2.7 million increase in turnover, and DKK 2 million increase in exports for every DKK 1 million it invests in projects.
The program’s funding for green energy initiatives in 2019 has been increased for almost €5 million from last year, when the green innovation was supported with €53.7 million.
At that time, the Danish government stated plans to increase funding for EUDP green energy support program to over €67 million (DKK 500 million) by 2020.