Over €100M to finance energy innovation in SMEs across Europe

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Renewable energy i.e. solar, wind and biomass, and energy efficiency projects account for 40% of the investments made through the SME Instrument in the field of energy. Top three countries include Spain, Italy and UK with most projects funded.

Energy-funded projects represent 14% of all projects under Horizon 2020 SME Instrument. Its 327 projects contribute to achieving the EU energy initiative goals.

Looking at the country statistics, Spanish SMEs received €23 million for 69 projects followed by Italian companies amounting for €17 million with 49 projects. UK tops three with €12 million invested in 35 projects.

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