EU Unveils €54.9M Solar PV Funding Call Under Renewable Energy Mechanism

The European Commission has launched a new call for proposals under the EU Renewable Energy Financing Mechanism (RENEWFM) to support renewable energy deployment through cross-border cooperation among EU Member States. Amid growing geopolitical tensions in the Middle East and disruptions to conventional energy supplies such as oil and gas, the initiative aims to strengthen the region’s renewable energy supply and enhance energy security.

Based on Member States’ expressions of interest and binding commitments, the call has a total budget of €54.9 million. It will provide investment support for ground-mounted solar photovoltaic (PV) projects located in designated host Member States. 

Under this call, Luxembourg would see participation as a contributing country, whereas Bulgaria and Finland would act as host countries where the supported projects will be implemented. This framework would enable member states to cooperate in financing renewable energy projects, helping to collectively achieve EU climate and energy targets while optimising costs and deployment potential across the Union.

Investment Support For Solar Projects in the EU

By supporting ground-mounted solar PV projects in Bulgaria and Finland, this call accelerates renewable energy deployment, reinforces European solidarity, and contributes to the cost-effective delivery of national and EU climate and energy objectives.

The support is provided in the form of investment grants, awarded through a competitive tender procedure. Interested projects can apply until 1 September 2026. CINEA will organise a virtual info day on 17 April to present the call conditions, including specific conditions for each hosting country, the award and ranking criteria, and the rules for grant disbursements. Participants will have the opportunity to raise questions during a dedicated Q&A session.