Commission Delegated Regulation (EU) 2019/856 of 26 February 2019 supplementing Directive 2003/87/EC of the European Parliament and of the Council with regard to the operation of the Innovation Fund (Text with EEA relevance) (c. 856)

CHAPTER I General provisions

Article 2 Definitions

For the purposes of this Regulation the following definitions apply:

(1)

‘financial close’ means the moment in the project development cycle where all the project and financing agreements have been signed and all the required conditions contained in them have been met;

(2)

‘entry into operation’ means the moment in the project development cycle where all elements and systems required for operation of the project have been tested and activities resulting in effective avoidance of greenhouse gas emissions have commenced;

(3)

‘small-scale project’ means a project with a total capital expenditure not exceeding EUR 7 500 000.