Renewable Energy financing mechanisms multi technology

Opened

Programme Category

EU Competitive Programmes

Programme Name

Renewable Energy Financing Mechanism (RENEWFM)

Programme Description

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.

Programme Details

Identifier Code

RENEWFM-2025-INVEST-MULTI

Call

Renewable Energy financing mechanisms multi technology

Summary

This call aims to provide support for renewable energy projects and targets ground mounted solar PV and onshore wind 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.

Detailed Call Description

The following activities aiming at the deployment of renewable energy capacities can be funded:
RES technology and location:

  • ground mounted solar PV projects located in Finland
  • onshore wind projects located in Estonia

A project is considered as a single renewable energy project if it is connected to the electricity grid (or to the off-taker, in case of off grid projects) via a single connection point.

Specific conditions per RES technology and hosting MS apply as below:
Ground mounted solar PV projects in Finland:

  • Capacity: Each project must have a minimum capacity of 10 MWp and a maximum capacity of 80 MWp. These are to be intended as MW capacity installed before the connection to the grid
  • Commissioning of the project by 4 March 2027
  • Fixed expected full load hours: 1000
  • At project level, removal of forest and agricultural land in production is restricted to maximum 20% of the area needed for installation of solar panels. This requirement does not apply to agri-PV projects, where the solar panels are installed in a way which allows the normal agricultural use of the land. Applicants are required to provide information in part B and to provide where possible annexes showing the meeting of this requirement.
  • Procedures for construction permits and grid connection permits must be initiated (e.g. official requests from the applicants to the competent authority must be provided as a part of the application if permits are not yet available)

Onshore wind projects in Estonia:

  • Capacity: Each project must have a minimum capacity of 10 MWp and a maximum capacity of 71.5 MWp. These are to be intended as MW capacity installed before the connection to the grid
  • Commissioning of the project by 4 March 2028
  • Fixed expected full load hours: 2800
  • Procedures for construction permits and grid connection permits must be initiated (e.g. official requests from the applicants to the competent authority must be provided as a part of the application if permits are not yet available)

The call will give investment support (EUR per MW) relating to the installation of additional units of RES per MW of, respectively, ground mounted solar PV / onshore wind energy.

The following maximum capacities apply at Member State level:

  • Estonia: 71.5 MW
  • Finland: 400 MW

Call Total Budget

€52.400.000

Thematic Categories

  • Energy
  • Environment and Climate Change
  • Public Administration

Eligibility for Participation

  • Businesses
  • Central Government
  • International Organisations
  • Investment Funds
  • Legal Entities
  • Other Beneficiaries
  • Private Bodies
  • State-owned Enterprises

Eligibility For Participation Notes

In order to be eligible, the applicants (beneficiaries and affiliated entities) must:

  • be legal entities (public or private bodies)
  • be established in one of the eligible countries: any country in the world.

Call Opening Date

30/07/2024

Call Closing Date

04/03/2025

EU Contact Point

For help related to this call, please contact: CINEA-RENEWFM@ec.europa.eu