EC/EIB : €3,66 Bn investment in cleaner energy systems through the ETS-funded Modernisation Fund

34 energy-related projects in nine Members States funded by €3,66 Bn issuing from the Modernisation Fund : this is the largest disbursement from the Modernisation Fund since its inception, in January 2021, announced the European Commission and the European Investment Bank, on 03/07/2025.

Funded by revenues from the EU Emissions Trading System (EU ETS), the Modernisation Fund, managed by the two institutions and the national authorities, has invested €19.1 billion since January 2021 in 13 lower-income EU countries (with a gross domestic product per capita below 75 % of the Union average in the years 2016 to 2018) with the aim to support them in their transition to climate neutrality.

The beneficiaries of today's disbursement are Croatia (€170 million) Czechia (€1.05 billion), Greece (€113.6 million), Hungary (€181.3 million), Latvia (€40 million), Lithuania (€37 million), Poland (€1.33 billion), Romania (€712.3 million) and Slovenia (€19.7 million). This round includes first investments in Greece, which became a Modernisation Fund beneficiary in January 2024.

"Supporting the revamp…