Today, the European Commission launched the T-MED Investment Platform, to mobilise large-scale investment in renewable energy and clean technologies across the Mediterranean. The platform is a key component of the Trans-Mediterranean Renewable Energy and Clean Tech Cooperation Initiative (T-MED), a flagship initiative of the Pact for the Mediterranean.

The platform was presented by Commissioner for the Mediterranean Dubravka Šuica during a stakeholder event in Brussels, bringing together European and international financial institutions, private investors and project promoters to identify investment opportunities and projects that could benefit from Commission support.

EU support will include up to €4.5 billion in guarantee capacity under the European Fund for Sustainable Development Plus (EFSD+), helping reduce investment risks, attract private capital and accelerate the implementation of viable renewable energy and clean technology projects across the region. The platform will facilitate cooperation between financial institutions, investors and project promoters, matching promising projects with potential sources of financing and helping turn investment opportunities into concrete projects.