Following an assessment by the European Investment Bank under the Modernisation Fund, the European Commission has today disbursed €2.7 billion to support 39 investment projects in eight beneficiary Member States. This includes the very first investment confirmed in Slovenia under the Fund, a Member State which became beneficiary in 2024. These projects will help lower-income EU countries to strengthen their clean industrial sector and meet their 2030 climate and energy targets by reducing greenhouse gas emissions and improving energy efficiency. Funded by revenues from the EU's Emissions Trading System (EU ETS), the Modernisation Fund has now provided €15.45 billion of investment to support projects in the clean energy transition since its launch in 2021.

The new support announced today complements the investments announced in June of almost €2.97 billion for other 38 projects, bringing the total disbursements from the Modernisation Fund in 2024 to €5.67 billion, covering 77 projects in 11 countries. This year alone, disbursements were made to Bulgaria (€65 million), Croatia (€52 million), Czechia (€1.283 billion), Estonia (€84 million), Hungary (€202 million), Latvia (€27 million), Lithuania (€185 million), Poland (€1.733 billion), Romania (€1.956 billion), Slovenia (€309 million) and Slovakia (€153 million).