+
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
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?