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

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?