NESOI received 117 applications from 14 countries involving over 100 islands. 28 of these submitted projects were now selected to receive assitance from the facility with a combined total of 1.6 million Euros. These projects are expected to avoid around 300 kilotonnes of CO2 per year and generate close to 1 billion Euros in investment.
The projects' places of origin spread across 40 EU islands in 10 countries. They include two projects from the Baltic region, five from the Atlantic region, seven from the West Mediterranean region and fourteen from the East Mediterranean region. The supported projects have been divided in groups according to their maturity level. Seven of the selected projects are at “entry-level”, whereby no previous significant planning has been carried out by the beneficiaries. Fourteen of the initiatives are at a “conceptual design” stage, meaning that the beneficiaries have identified projects of interest to the island, but no substantial groundwork has been carried out to ensure their feasibility yet. Finally, seven projects are at “deployment level”, meaning that the beneficiaries have verified the feasibility of their projects and intend to implement them.
The selected projects will support NESOI's environmental and economic objectives and contribute to achieving the EU’s broader clean energy targets as outlined in the EU Green Deal. The validation of these projects is completed and kick-off activities for several of them are expected to begin next month.
The EU Island Facility NESOI will launch a second open call for applications in the Autumn of this year.
For more information on the outcome of NESOI's call and the selected projects, click here.