EU launches first tender under renewable energy financing mechanism
POWER & RENEWABLE ENERGY

EU launches first tender under renewable energy financing mechanism

The European Commission has approved the first cross-border tender to encourage renewable energy collaboration among member states in order to accelerate the achievement of clean energy targets.

The tender is being held as part of the renewable energy financing mechanism and is the result of Luxembourg and Finland's commitment to collaborate on this initiative.

Starting on April 18, 2023, interested parties can submit proposals through the funding and tender portal. Grants will be given to project developers who create new renewable energy projects that use solar photovoltaic technology.

This is the first-ever cross-border tender between EU member countries.

According to the Commission, the move heralds a new era of collaboration in the field of renewable energy, achieving the goals of the European Green Deal and REPowerEU.

Luxembourg has agreed to make a voluntary contribution of €40 million ($44 million), while Finland will host the competing projects that will compete for funding. The tender format will be a request for proposals. The European Climate Infrastructure and Environment Executive Agency (CINEA) will carry it out.

The call for proposals will be open for six months, after which CINEA will evaluate the competing proposals and award grants based on the lowest bid price until the budget is depleted.

The chosen projects will be required to construct the installation within 24 months and generate a specified minimum amount of renewable electricity in the following years.

To participate in the tender, eligible companies should build a new solar PV installation with a capacity between 5 and 100 MW while conforming to the regulations of the tender.

Also Read
Housing Ministry Blacklists Two Companies in Gurgaon
PM Gati Shakti evaluates 76 big infra projects


The European Commission has approved the first cross-border tender to encourage renewable energy collaboration among member states in order to accelerate the achievement of clean energy targets. The tender is being held as part of the renewable energy financing mechanism and is the result of Luxembourg and Finland's commitment to collaborate on this initiative. Starting on April 18, 2023, interested parties can submit proposals through the funding and tender portal. Grants will be given to project developers who create new renewable energy projects that use solar photovoltaic technology. This is the first-ever cross-border tender between EU member countries. According to the Commission, the move heralds a new era of collaboration in the field of renewable energy, achieving the goals of the European Green Deal and REPowerEU. Luxembourg has agreed to make a voluntary contribution of €40 million ($44 million), while Finland will host the competing projects that will compete for funding. The tender format will be a request for proposals. The European Climate Infrastructure and Environment Executive Agency (CINEA) will carry it out. The call for proposals will be open for six months, after which CINEA will evaluate the competing proposals and award grants based on the lowest bid price until the budget is depleted. The chosen projects will be required to construct the installation within 24 months and generate a specified minimum amount of renewable electricity in the following years. To participate in the tender, eligible companies should build a new solar PV installation with a capacity between 5 and 100 MW while conforming to the regulations of the tender. Also Read Housing Ministry Blacklists Two Companies in Gurgaon PM Gati Shakti evaluates 76 big infra projects

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?