Extremadura Energy Agency
Why RES are not growing as expected?
Most Member States and European regions, have introduced measures to boost RES generation and storage in their regional RIS3 strategy, national energy strategic plans and their respective regional programmes, for Investment for Growth and Jobs, but most of Members States are below the expected RES 2020 targets. RES are not growing as expected, and States are now looking for new solutions such as energy storage or innovative financial schemes. RES sector is requiring new supporting schemes, capable of unlocking the great potential of private investment by overcoming the financial, legal and administrative barriers in decentralized investment for both, RES generation and storage.
FIRESPOL: The way to find new solutions
FIRESPOL seeks to boost regionally-specialized and decentralized Renewable Energy Private Investment, by introducing improvements in the management of OPs which will break the financial barriers currently stopping the investment of the RES sector. The objective is to create, inside the OPs, new supporting schemes such as Financial Instruments (FIs) or new grants schemes which can achieve the same socioeconomic impacts than FIs.
Improving 6 OPs in 6 EU regions, involving 4 Managing Authorities and 2 key energy actors. Influencing 7,2M€ of SFs by the policy instruments 90 people increasing professional capacity attending interregional events 32 policy learning events with stakeholders 15 good practices identified and 90 collected in a Guide of Best Practices