EU launches €4.5b platform to supercharge Mediterranean renewable energy projects
Climate · First reported 26 Oct, 17:23 · Updated 19:01
The European Commission launched T-MED, a platform offering up to €4.5 billion in EU guarantees for renewable-energy and clean-technology projects across the Mediterranean. It aims to mobilise up to €25 billion in investment by 2035.
- The platform’s guarantee capacity of up to €4.5 billion is provided under the European Fund for Sustainable Development Plus.
- Target sectors include renewable electricity, hydrogen, electricity networks, storage, cross-border links and clean-technology manufacturing.
- The Commission said T-MED aims to mobilise up to €25 billion by 2035 and support training for up to 10,000 workers.
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