Brabant extends renewable energy fund to 2045
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The province of Brabant has decided to continue financing renewable energy projects, including wind turbines and solar panels, through its €60 million Energy Fund until 2045. The fund was established in 2013 to reduce CO2 emissions. An evaluation by consultancy Zanders found that the proposed CO2 reduction per euro was nine times higher than the minimum target, although the fund had not met its overall sustainability target because that target had become five times more ambitious.
According to the evaluation, the fund does not distort the market and mainly supports projects that market participants would not otherwise undertake. The provincial executive said the fund remained valuable while the energy transition was continuing and expected the €60 million in loans to be fully recovered. Proposals to prioritize the money for the overloaded electricity grid or mainly for energy savings were rejected.