{"id":14943,"date":"2025-07-07T09:18:45","date_gmt":"2025-07-07T09:18:45","guid":{"rendered":"https:\/\/axevera.com\/?p=14943"},"modified":"2025-07-07T09:18:47","modified_gmt":"2025-07-07T09:18:47","slug":"eu-modernisation-fund-allocates-e3-66-billion-to-support-34-energy-projects","status":"publish","type":"post","link":"https:\/\/axevera.com\/en\/2025\/07\/07\/eu-modernisation-fund-allocates-e3-66-billion-to-support-34-energy-projects\/","title":{"rendered":"EU Modernisation Fund Allocates \u20ac3.66 Billion to Support 34 Energy Projects"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Introduction<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The European Commission and the European Investment Bank (EIB) have announced the disbursement of <strong>\u20ac3.66 billion<\/strong> from the <em>EU Modernisation Fund<\/em>. This investment supports <strong>34 energy projects<\/strong> across <strong>nine EU Member States<\/strong>, advancing the EU\u2019s path toward a sustainable and efficient energy future.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/axevera.com\/wp-content\/uploads\/2025\/07\/Sfondo-immagini-sito-web-45-1024x576.jpg\" alt=\"\" class=\"wp-image-14944\" style=\"width:515px;height:auto\" srcset=\"https:\/\/axevera.com\/wp-content\/uploads\/2025\/07\/Sfondo-immagini-sito-web-45-1024x576.jpg 1024w, https:\/\/axevera.com\/wp-content\/uploads\/2025\/07\/Sfondo-immagini-sito-web-45-300x169.jpg 300w, https:\/\/axevera.com\/wp-content\/uploads\/2025\/07\/Sfondo-immagini-sito-web-45-768x432.jpg 768w, https:\/\/axevera.com\/wp-content\/uploads\/2025\/07\/Sfondo-immagini-sito-web-45-1536x864.jpg 1536w, https:\/\/axevera.com\/wp-content\/uploads\/2025\/07\/Sfondo-immagini-sito-web-45.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\">Purpose of the Investment<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The initiative aims to <strong>modernize energy systems<\/strong> across the EU, <strong>reduce greenhouse gas emissions<\/strong> in energy, industry, and transport sectors, and <strong>enhance energy efficiency<\/strong>. These projects will help beneficiary Member States meet their climate and energy targets, while also <strong>boosting industrial competitiveness<\/strong> and reducing the EU\u2019s dependence on imported fossil fuels.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Beneficiary Countries and Funding Allocation<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">This marks the <strong>largest disbursement to date<\/strong> from the <em>EU Modernisation Fund<\/em>, bringing total disbursements to <strong>\u20ac19.1 billion<\/strong> since January 2021. The funding breakdown is as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Poland<\/strong>: \u20ac1.33 billion<\/li>\n\n\n\n<li><strong>Czechia<\/strong>: \u20ac1.05 billion<\/li>\n\n\n\n<li><strong>Romania<\/strong>: \u20ac712.3 million<\/li>\n\n\n\n<li><strong>Hungary<\/strong>: \u20ac181.3 million<\/li>\n\n\n\n<li><strong>Croatia<\/strong>: \u20ac170 million<\/li>\n\n\n\n<li><strong>Greece<\/strong>: \u20ac113.6 million<\/li>\n\n\n\n<li><strong>Latvia<\/strong>: \u20ac40 million<\/li>\n\n\n\n<li><strong>Lithuania<\/strong>: \u20ac37 million<\/li>\n\n\n\n<li><strong>Slovenia<\/strong>: \u20ac19.7 million<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Notably, this round includes <strong>Greece\u2019s first investments<\/strong> since becoming eligible in January 2024.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Focus Areas of the Projects<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The supported projects fall into four main categories:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Renewable energy production and deployment<\/strong><\/li>\n\n\n\n<li><strong>Energy efficiency improvements<\/strong><\/li>\n\n\n\n<li><strong>Energy storage<\/strong><\/li>\n\n\n\n<li><strong>Grid modernization and development<\/strong><\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">Project Examples<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Czechia<\/strong>: Investments in <strong>renewable energy storage capacity<\/strong><\/li>\n\n\n\n<li><strong>Greece<\/strong>: Replacement of <strong>diesel buses with electric urban buses<\/strong><\/li>\n\n\n\n<li><strong>Hungary<\/strong>: Improving <strong>energy efficiency in public buildings<\/strong><\/li>\n\n\n\n<li><strong>Poland<\/strong>: Launch of the <strong>&#8220;Clean Air&#8221; program<\/strong> to upgrade heating systems in single-family homes<\/li>\n\n\n\n<li><strong>Slovenia<\/strong>: Modernizing the <strong>electricity transmission and distribution network<\/strong><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">About the EU Modernisation Fund<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Funded through revenues from the EU Emissions Trading System (EU ETS), the <em>Modernisation Fund<\/em> supports <strong>13 lower-income EU Member States<\/strong> in their transition to climate neutrality. Eligible countries include Bulgaria, Croatia, Czechia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, and Slovakia, with Greece, Portugal, and Slovenia joining in 2024 under the revised EU ETS directive.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Fund supports:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Renewable energy generation and usage<\/li>\n\n\n\n<li>Energy efficiency<\/li>\n\n\n\n<li>Energy storage<\/li>\n\n\n\n<li>Modernization of energy grids, including district heating and pipeline networks<\/li>\n\n\n\n<li>A just transition in carbon-dependent regions<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">It complements other EU funding instruments such as the <strong>Cohesion Policy<\/strong>, the <strong>Recovery and Resilience Facility<\/strong>, and the <strong>Just Transition Fund<\/strong>, aligning closely with <strong>REPowerEU<\/strong> and the <strong>Fit for 55 package<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Upcoming Funding Deadlines<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">EU Member States interested in submitting investment proposals must meet the following deadlines:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>12 August 2025<\/strong>: Non-priority proposals<\/li>\n\n\n\n<li><strong>9 September 2025<\/strong>: Priority proposals<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Priority investments focus on energy system modernization, GHG emissions reduction, and energy efficiency. Non-priority investments undergo additional scrutiny.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The <em>EU Modernisation Fund<\/em> plays a pivotal role in supporting the green transformation of Europe\u2019s energy landscape, especially in lower-income Member States. With the latest \u20ac3.66 billion disbursement, the EU reinforces its commitment to a cleaner, more resilient, and energy-independent future, paving the way toward its 2030 and 2050 climate goals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">AI \u2013 generated image.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sources: <a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/it\/ip_25_1714\">https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/it\/ip_25_1714 <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Commission and the EIB have announced \u20ac3.66 billion in funding for 34 energy projects in 9 EU countries. Discover how the EU Modernisation Fund supports the green transition.<\/p>\n","protected":false},"author":5,"featured_media":14948,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[525],"tags":[],"yst_prominent_words":[],"class_list":["post-14943","post","type-post","status-publish","format-standard","has-post-thumbnail","category-en"],"_links":{"self":[{"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/posts\/14943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/comments?post=14943"}],"version-history":[{"count":1,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/posts\/14943\/revisions"}],"predecessor-version":[{"id":14957,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/posts\/14943\/revisions\/14957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/media\/14948"}],"wp:attachment":[{"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/media?parent=14943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/categories?post=14943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/tags?post=14943"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/yst_prominent_words?post=14943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}