On Monday 24 June, the European Union disbursed €2.967 billion under the Modernisation Fund to support 39 energy projects in 10 low-income Member States supported by the Fund to modernise their energy systems, reduce greenhouse gas emissions and improve energy efficiency.
This is the largest disbursement to date, bringing the Fund’s total expenditure since January 2021 to €12.65 billion.
The beneficiaries are Bulgaria (€65.2 million), Croatia (€52 million), the Czech Republic (€835.2 million), Estonia (€24.1 million), Hungary (€76.8 million), Latvia (€26.8 million), Lithuania (€59 million), Poland (€697.5 million), Romania (€1.095 billion) and Slovakia (€35 million).
The projects financed focus on renewable electricity, the modernisation of energy networks and energy efficiency, such as the reinforcement of the electricity transmission network in Bulgaria, the development of storage capacity in Lithuania and the production of renewable hydrogen in Slovakia.
The Modernisation Fund is financed by revenues from the auctioning of emission allowances under the EU Emissions Trading Scheme (EU ETS).
The next deadlines for investment proposals for support by the Fund are 13 August for non-priority proposals and 10 September for priority proposals.
To view disbursement decisions: https://aeur.eu/f/ctm (Original version in French by Pauline Denys)