Renewable Energy Financing Mechanism Technology specific – Solar PV
Summary
The RENEWFM is one of the EU financing programmes contributing to the clean energy transition and the European Green Deal objectives including the goals and objectives of the Paris Agreement, 2030 climate and energy targets and long-term decarbonisation objective).
The EU Renewable Energy Financing Mechanism has a cooperative nature: it allows all countries that take part in it and to share the statistical benefits of the produced renewable energy.
Programme Name
Programme Description
The RENEWFM is one of the EU financing programmes contributing to the clean energy transition and the European Green Deal objectives including the goals and objectives of the Paris Agreement, 2030 climate and energy targets and long-term decarbonisation objective).
The EU Renewable Energy Financing Mechanism has a cooperative nature: it allows all countries that take part in it and to share the statistical benefits of the produced renewable energy.
Call
Detailed Call Description
The following activities aiming at the deployment of renewable energy capacities can be funded: solar PV projects.
The following conditions apply:
- Minimum capacity size per project is 5 MW
- Maximum capacity size per project is 100 MW
- At project level, removal of forest is restricted to maximum 25% of the area needed for installation of solar panels.
Project activities (installations) must be located in the following EU Member States countries: Finland (excluding the Åland Province).
Applicants need to demonstrate sufficient maturity of the project and provide with:
- Permit: a construction permit should be obtained at the moment of proposal submission.
- Land: Access rights (ownership or use rights) should be obtained at the moment of proposal submission.
- Grid Connection: an application to the grid connection should be launched. The payment for a binding reservation of grid capacity may be done after award of the grant.
Financing percentage by EU or other bodies / Level of Subsidy or Loan
The financial contributions that enter the financing mechanism scheme will be distributed by the European Commission through competitive tenders for grants.
The grants cover either the installation of a renewable energy production facility with certain capacity (investment support), or the actual production of renewable energy (operating support). The size of the grant is determined by the outcome of the tender procedure, where only the most competitive projects will be selected and receive support, corresponding to their bid in the tender.
Eligibility For Participation Notes
In order to be eligible, the applicants (beneficiaries and affiliated entities) must:
- be legal entities (public or private bodies)
- be established in one of the eligible countries: any country in the world.
Programme Category
EU Competitive ProgrammesTotal Budget
€40 000 000Thematic Categories
- Energy
- Environment and Climate Change
Eligibility for Participation
- International Organisations
- Large Enterprises
- Legal Entities
- Other Beneficiaries
- Private Bodies
- Semi-governmental organisations
- State-owned Enterprises
Call Opening Date
18/04/2023Call Closing Date
27/09/2023EU Contact Point
Contact: CINEA-RENEWFM@ec.europa.eu
(Publish Date: 21/04/2023-for internal use only)