EEA Development fund

The National Energy Authority (NEA) is the managing authority for applications and grants in the field of renewable energy and environmental and climate issues within the EEA Grants, which is managed by the Financial Mechanism Office (FMO) based in Brussels. The current plan of the fund covers the period 2014–2021. The EEA Grants provide funding for projects in 16 countries in Eastern and Central Europe, as well as Portugal and Spain. The NEA is responsible for projects related to renewable energy and environmental and climate issues in Poland, as well as renewable energy projects in Romania and Bulgaria.

One of the main goals of the EEA Grants in the field of renewable energy is to enhance energy security, reduce greenhouse gas emissions, and improve environmental aspects in the respective countries, including by replacing fossil fuels with renewable energy sources. The NEA has assisted with the planning of individual country programs, including supporting the design and implementation of plans and overseeing their execution. This includes promoting relevant projects in Iceland and the partner countries, assisting in establishing connections between countries, and providing guidance to companies, institutions, and individuals in Iceland.