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 and support regulatory reforms in partner countries.