Modernisation Fund

Modernisation Fund announces €1.8 billion in new clean energy investments, bringing 5-year total to over €20 billion

Today, the European Commission and the European Investment Bank announced the disbursement of €1.8 billion from the Modernisation Fund to support 45 clean energy-related investments in 12 different Member States. This includes the first ever investment in Portugal, which became a beneficiary Member State in 2024. Financed by revenues from the EU Emissions Trading System […]

Investment of €3.66 billion from EU emissions trading revenues in cleaner energy systems

Today, the European Commission and the European Investment Bank announced that €3.66 billion have been disbursed from the Modernisation Fund to support 34 energy related projects in nine EU Member States. These investments will support the modernisation of energy systems in the EU. They will reduce greenhouse gas (GHG) emissions in the energy, industry and transport […]

Commission and European Investment Bank clear an additional €2.7 billion from emissions trading revenues for cleaner energy systems via the Modernisation Fund

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 invests close to €3 billion of emissions trading revenues for cleaner energy systems in 10 EU countries via the Modernisation Fund

Today, the European Union has disbursed €2.967 billion via the Modernisation Fund to support 39 energy projects in 10 EU Member States. These investments will support the modernisation of energy systems, reducing greenhouse gas emissions in the energy, industry and transport sectors, and improving energy efficiency. This is the largest disbursement to date via the […]

EU invests an additional €2 billion in clean energy infrastructure projects in Member States via the Modernisation Fund

Under the Modernisation Fund, €2.17 billion has been disbursed today to help modernise the energy systems in nine Member States through 19 selected projects. These investments will help lower-income EU countries to meet their 2030 climate and energy targets and will reduce greenhouse gas emissions in energy, industry and transport, and improve energy efficiency. They […]

€4.11 billion from the Modernisation Fund to accelerate the clean energy transition in 8 Member States

In its second year of operation, the Modernisation Fund has disbursed a total of €4.11 billion in support of 61 projects in eight beneficiary countries. These projects will help modernise energy systems, reduce greenhouse gas emissions in energy, industry, transport and agriculture, and improve energy efficiency. Supporting these investments will help those Member States to […]