EU countries have until 15 March 2022 to express interest in participating in the EU renewable energy financing mechanism. Following an invitation from EU Commissioner for Energy Kadri Simson in December 2021, EU countries are encouraged to fill-in and submit a template, indicating their non-binding preferences as contributing or host country. In view of the increased ambition for the 2030 EU target for renewable energy, the collective efforts of the EU countries become more important and the financing mechanism offers a solution to make the best use of the available potential, while providing benefits for both the contributors and hosts. It offers enough flexibility to capture the demand for support of various technologies, project types, locations and other criteria which the EU countries put forward. On the basis of the expressed interest, the Commission will match the preferences and draft the conditions for the first ever EU-wide tender for renewable energy projects. On that basis and following the binding commitments of the participating countries, the Commission will launch the call for proposals where project promoters can apply with their projects in the end of 2022. Selected proposals will received a grant from the mechanism in order to implement the projects. Related links EU renewable energy financing mechanism (DG ENER) Tender and selection of projects (CINEA) Commission Implementing Regulation (EU) 2020/1294 Details Publication date17 February 2022LocationBrussels
