SOURCE: Industrial Info Resources

October 14, 2009 04:01 ET

Europe Plans 53 Billion Euro Boost for Renewable Energy, an Industrial Info News Alert

GALWAY, IRELAND--(Marketwire - October 14, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Renewable energy research projects could be in for a huge cash injection, as the European Commission (EC) has called for an additional 53 billion euro investment in low-carbon technologies. The investment, which will be distributed over a period 10 years, will see renewable energy investment in the European Union (E.U.) jumping from the current level of 3 billion euros per year to 8 billion euros.

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