The European Investment Bank provides €45 billion for climate-neutral technologies.
The European Commission has selected 41 projects through which the EU is committing €3.6 billion to bring innovative technologies to market in the energy intensive, hydrogen, renewable energy and energy storage and renewable energy component manufacturing sectors.
The European Investment Bank's mission is to provide long-term financing for projects that serve EU policy objectives.
One of the projects that has received €200 million from the European Innovation Fund is the Meyer Burger project. The project involves the construction of an additional 3.5 gigawatts of production capacity for Meyer Burger's solar cells and modules in Germany and possibly in Spain. I have written an article about this company, which I attach below:https://bulios.com/status/95606-inovace-ve-fotovoltaickem-prumyslu-a-expanze-do-budoucna.
I think this represents a great opportunity for European companies to get funding for their projects and become competitive. What do you think, will the EU be able to compete in the field of green technologies?
The EU is lagging behind in technology in general and relatively long term, if it throws these sums at solar panels and similar green "climate neutral" nonsense without further investment in normal technology, then it has no chance of catching up with the US and eventually the world.