Driving European competitiveness, stability and climate leadership: EIB Group invests €88 billion in 2023

EIB Group signed €88 billion in funding for over 900 high-impact projects in key policy areas such as transport infrastructure and urban mobility, energy and water, digitalisation, new technologies, innovation, healthcare, affordable housing, education and support to SMEs. A record €49 billion invested in green finance. More than €21 billion invested in energy security   In […]

Commission endorses Spain's €163 billion modified recovery and resilience plan #NextGenerationEU

Today, the Commission has given a positive assessment of Spain's modified recovery and resilience plan, which includes a REPowerEU chapter. The plan is now worth €163 billion (€83 billion in loans and €80 billion in grants) and covers 111 reforms and 142 investments. Spain's REPowerEU chapter consists of a new reform, a scaled-up investment drawing […]

Innovation Fund: EU invests €3.6 billion of emissions trading revenues in innovative clean tech projects

Today, the Commission is awarding over €3.6 billion to 41 large-scale clean tech projects, to be financed through the EU Innovation Fund. With a focus on the REPowerEU Plan and phasing out Europe's imports of Russian fossil fuels, these projects cover a wide range of industries, such as cement, steel, advanced biofuels, sustainable aviation fuels, […]

€350 million Spanish scheme for developing electricity storage facilities #REPowerEU

The European Commission has approved, under EU State aid rules, a €350 million Spanish scheme, made available through the Recovery and Resilience Facility (‘RRF'), to support the construction and operation of electricity storage facilities. The measure contributes to achievement of the European Green Deal targets, while helping to reduce dependence on Russian fossil fuels and […]

State aid: Commission updates guidance for measures to support the green transition

The European Commission has published today updated State aid guiding templates to assist Member States in designing measures, which will be included in their national Recovery and Resilience Plans (‘RRPs'), in line with EU State aid rules. In particular, the updated technical documents will help Member States design measures that further contribute to the implementation […]

Commission supports 151 reform projects in Member States to strengthen resilience and competitiveness

The Commission has approved a new round of 151 projects under the Technical Support Instrument (TSI), to support all Member States in preparing, designing and implementing up to 326 cutting-edge reforms in 2023. The supported projects respond to a reform need expressed by Member States while being strongly aligned with the European Union's priorities for […]

Recovery and Resilience Plans in the context of REPowerEU

Commission Notice. Guidance on Recovery and Resilience Plans in the context of REPowerEU

New industrial Alliance to boost the EU's solar power and energy security #REPowerEU

Today, the Commission together with industrial actors, research institutes, associations and other relevant parties launched the European Solar PV Industry Alliance. The alliance will help mitigating supply risk by securing diversification of supplies through more diverse imports and scaled up solar PV manufacturing of innovative and sustainable solar PVs in the EU. In a joint […]

Resolution of the ECoR REPowerEU

Resolution of the European Committee of the Regions. REPowerEU: cities and regions accelerating the energy transition