EU to mobilise up to €25 billion for renewable energy and clean technology by 2035 through Pact for the Mediterranean initiative
Today, the European Union launches the Trans-Mediterranean Renewable Energy and Clean Tech Cooperation (T-MED) – a flagship initiative under the Pact for the Mediterranean. T-MED aims to accelerate the development of renewable energy, hydrogen, clean technology manufacturing and modern electricity networks across the Mediterranean region, supporting a more integrated, sustainable and interconnected Mediterranean energy market.
Unveiled during the European Sustainable Energy Week by Commissioner for the Mediterranean, Dubravka Šuica and Commissioner for Energy and Housing, Dan Jørgensen, T-MED aims to mobilise up to €25 billion in expected investments by 2035. The European Commission has made available more than €5 billion in guarantee capacity under the European Fund for Sustainable Development Plus. This guarantee capacity will help unlock public and private investment in sectors covered by T-MED.
At its core, T-MED seeks to strengthen energy cooperation across the Mediterranean. By 2035, the initiative is expected to contribute to the development of 15 gigawatts of new renewable energy capacity, support regulatory reforms in partner countries, and help generate more than 100,000 jobs in clean energy sectors.
By bringing together governments, financial institutions, private actors and local stakeholders, T-MED will promote cross-border cooperation and strategic energy partnerships. By supporting the diversification of energy systems and supply chains, the initiative will enhance energy security, reinforce competitiveness, support decarbonisation and contribute to the region’s long-term prosperity and stability for both the EU and its partner countries in the southern Mediterranean.
Five pillars to boost investments, cooperation, skills and renewable energy trading and clean tech
T-MED will be implemented through five coordinated actions:
- Investment mobilisation: T-MED will bring together the Commission, European and international financial institutions, and the private sector to reduce investment risks, attract funding and support renewable energy and clean technology projects across the region.
- Regulatory cooperation: T-MED will support partner countries in improving the investment climate, including by simplifying permitting procedures, aligning regulations and reducing barriers to investment.
- Skills development: through a T-MED Skills Agenda, it will help align vocational training with the needs of the clean energy sector, ensuring that the local workforce can benefit from new job opportunities created by the energy transition. In particular, the Skills Agenda will include support to modernised technical and vocational education and training systems, strengthen university partnerships and promote excellence in engineering, digital technologies and green finance.
- Infrastructure upgrades and renewable energy trading: by mobilising investments over the coming years, T-MED will support the modernisation of electricity grids, promote cross-border energy trade and encourage the deployment of smart technologies to better integrate renewable energy into power systems.
- Clean tech industrial cooperation: T-MED will support local manufacturing and more resilient supply chains, and foster innovation and industrial partnerships across the Mediterranean.
Next steps
The Commission has launched a Call for Expressions of Interest for Private Investors (such as commercial banks, asset managers and impact funds) open until 15 June and a Call for Expression of Interest for Project Promoters (such as companies that develop projects) open from today until 15 August. By October 2026, the European Commission will chair the first operational meeting of the T-MED Investment Platform.
By 2027, the first EU-Mediterranean clean tech industrial collaborations will take shape, bringing together companies from both sides of the Mediterranean.
Background
Launched on 28 November 2025 in Barcelona, the Pact for the Mediterranean strengthens EU cooperation and partnership with the countries in the Middle East and North Africa. Organised around three pillars – including “Stronger, more sustainable and integrated economies” – it positions T-MED as one of the major initiatives.
