On Thursday 3 July, the European Commission and the European Investment Bank announced that €3.66 billion from the Modernisation Fund had been released to support 34 energy-related projects in nine EU Member States.
These projects focus on the production of renewable electricity, the use and deployment of renewable energy sources, the modernisation of energy networks and energy efficiency.
The countries to benefit from this payment are Croatia (€170 million), the Czech Republic (€1.05 billion), Greece (€113.6 million), Hungary (€181.3 million), Latvia (€40 million), Lithuania (€37 million), Poland (€1.33 billion), Romania (€712.3 million) and Slovenia (€19.7 million).
This is the largest payment to date from the Modernisation Fund, which is financed by revenues from the EU Emissions Trading System (ETS) to support 13 low-income EU countries in their transition to climate neutrality.
The next deadlines for submitting investment proposals for support from the Modernisation Fund are 12 August for non-priority proposals and 9 September for priority proposals.
View the disbursement decisions adopted: https://aeur.eu/f/hpu (Original version in French by Pauline Denys)