The Maltese government is part of an international consortium that has recently submitted a proposal to the European Commission to be eligible for the funding of a €30m research project dealing with deep offshore wind farms under the Seventh Framework Programme (FP7).
Just a year ago, GÃƒÂ¼nther Oettinger, the European Union's (EU)commissioner for Energy, was pressing member states to increase interconnectivity of electricity grids more rapidly than previously. His call was in response to that of developers of low-carbon generation for a steer on Europe's drive towards a single electricity market. Unsurprisingly, the initiative has suffered setbacks in light of the economic gridlock that has all but paralysed investment.
The European Commission has earmarked €1.25bn ($1.63bn) for carbon capture and storage (CCS) projects, €500m for offshore wind projects and €1.75bn for gas and electricity interconnection projects from leftover funds.