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EU to Mobilize up to €25 Billion for Renewable Energy and Clean Technology by 2035


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.

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 decarbonization and contribute to the region’s long-term prosperity and stability for both the EU and its partner countries in the southern Mediterranean.

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