European Commission

The funding will be awarded through a tendering procedure that will start later this year in Denmark

Lawmakers and representatives of the 27 member states also agreed to commit to negative emissions after 2050

The scheme will support technological breakthroughs for entire battery ecosystem

That is a five-fold increase by 2030 and 25-fold increase by 2050, from the current offshore wind capacity target of 12GW

The strategy aims to tackle energy poverty, decarbonise heating and cooling solutions and renovate public buildings

The ‘highest quarterly figure on record’ was achieved while the share of fossil fuels dropped to 33%, according to a new report

Projects of energy and transport infrastructure, district heating networks and energy efficiency measures will be prioritised

The announcement comes as part of a new roadmap to make farming and agriculture more sustainable

The funding forms part of the European Battery Alliance, committed to creating a competitive, cleaner and advanced battery cell industry

The proposed offshore project is expected to generate up to three million MWh of electricity annually, enough to cover 25% of the nation’s current power demand