Aug 22, 2013 - The Dutch central province of Flevoland will spend EUR 6.5 million (USD 8.7m) on promoting sustainable projects in the energy sector, local newspaper Almere Vandaag reported Wednesday.
The provincial authorities plan to put the money into a newly established foundation.
A foundation is regarded as the most suitable organisation form to meet the province's targets in the field of renewable energy.
The provincial parliament has to approve the proposal, which it will review this autumn.
In 2009, the province decided to spend the EUR 6.5 million it received from the sale of shares in energy companies Essent and Nuon on making local energy supply more sustainable.
(EUR 1.0 = USD 1.334)
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