EU launches €25bn T-MED initiative to boost clean technology and renewables across Mediterranean
T-MED aims to accelerate the development of renewable energy, hydrogen, clean technology manufacturing and modern electricity networks across the Mediterranean region by 2035. Unveiled during the European Sustainable Energy Week by Commissioner for the Mediterranean, Dubravka Šuica and Commissioner for Energy and Housing, Dan Jørgensen, T-MED aims to mobilise up to €25 billion in expected investments by 2035. The European Commission has made available more than €5 billion in guarantee capacity under the European Fund for Sustainable Development Plus. This guarantee capacity will help unlock public and private investment in sectors covered by T-MED. By 2035, the initiative is expected to contribute to the development of 15 gigawatts of new renewable energy capacity, support regulatory reforms in partner countries, and help generate more than 100,000 jobs in clean energy sectors. T-MED will be implemented through five coordinated actions: Investment mobilisation: T-MED will bring together the Commission, European and international financial institutions, and the private sector to reduce investment risks, attract funding and support renewable energy and clean technology projects across the region. Regulatory cooperation: T-MED will support partner countries in improving the investment climate, including …









