The RENEWFM is one of the EU financing programmes contributing to the clean energy transition and the European Green Deal objectives including the goals and objectives of the Paris Agreement, 2030 climate and energy targets and long-term decarbonisation objective).
The EU Renewable Energy Financing Mechanism has a cooperative nature: it allows all countries that take part in it and to share the statistical benefits of the produced renewable energy.
This topic targets solar PV projects as a well-established and low-cost renewable energy technology aimed at high reliability in terms of deploying fully operational renewable electricity (RES-E) capacities and generation volumes and thus assumes effective and quick project realization from awarded project applicants.
The following activities aiming at the deployment of renewable energy capacities can be funded: solar PV projects.
The following conditions apply:
Project activities (installations) must be located in the following EU Member States countries: Finland (excluding the Åland Province).
Applicants need to demonstrate sufficient maturity of the project and provide with:
The financial contributions that enter the financing mechanism scheme will be distributed by the European Commission through competitive tenders for grants.
The grants cover either the installation of a renewable energy production facility with certain capacity (investment support), or the actual production of renewable energy (operating support). The size of the grant is determined by the outcome of the tender procedure, where only the most competitive projects will be selected and receive support, corresponding to their bid in the tender.
In order to be eligible, the applicants (beneficiaries and affiliated entities) must:
Contact: CINEA-RENEWFM@ec.europa.eu
(Publish Date: 21/04/2023-for internal use only)