EU invests €2.967 billion to modernize energy systems in 10 countries

The European Commission is allocating nearly 3 billion euros to support 39 energy projects in 10 member states, aimed at modernizing infrastructures and reducing CO2 emissions.
Modernisation systèmes énergétiques

Partagez:

The European Commission recently announced an allocation of 2.967 billion euros via the Modernisation Fund, aimed at modernizing the energy systems of ten member states. This initiative is part of the policy to reduce CO2 emissions and improve energy efficiency, with the aim of achieving the EU’s climate and energy objectives.

Fund distribution

Beneficiaries of this first tranche of funding for 2024 include Bulgaria (€65.2 million), Croatia (€52 million), the Czech Republic (€835.2 million), Estonia (€24.1 million), Hungary (€76.8 million), Latvia (€26.8 million), Lithuania (€59 million), Poland (€697.5 million), Romania (€1.095 billion) and Slovakia (€35 million).

Financial Projects

Projects financed include the reinforcement of electricity transmission networks in Bulgaria, the deployment of photovoltaic and storage capacities in Croatia, and the acquisition of new photovoltaic systems by households in the Czech Republic. In Estonia, the focus is on energy efficiency in public buildings, while in Hungary,the modernization of district heating systems is based on renewable energies.

Regional Initiatives

In Latvia, the funds will support the use of renewable energy sources in apartment blocks and public buildings. In Lithuania, the development of energy storage capacity is a priority, while in Poland, the recharging infrastructure for heavy goods vehicles will be improved. Romania will adopt support mechanisms for the production of electricity from renewable sources, while Slovakia will focus on renewable hydrogen production and high-efficiency cogeneration.

Setting and outlook

The Modernisation Fund is funded by proceeds from the auctioning of emissions allowances under the EU Emissions Trading Scheme (EU ETS). This fund aims to help low-income member states achieve climate neutrality. In addition to the ten current beneficiaries, Greece, Portugal and Slovenia have also become eligible from January 2024.

Integration with EU Policies

The Modernisation Fund complements other EU instruments, such as cohesion policy and the Just Transition Fund. By mobilizing substantial resources, it helps eligible countries to invest in line with the REPowerEU and Fit For 55 plans, thereby supporting the energy transition and decarbonization of European economies.
With this new allocation, the Modernization Fund continues to play a crucial role in the modernization of member states’ energy infrastructures. These strategic investments are essential to support the transition to more efficient, low-carbon energy systems, while strengthening the economic competitiveness of the recipient countries.

According to the 2025 report on global energy access, despite notable progress in renewable energy, insufficient targeted financing continues to hinder electricity and clean cooking access, particularly in sub-Saharan Africa.
While advanced economies maintain global energy leadership, China and the United States have significantly progressed in the security and sustainability of their energy systems, according to the World Economic Forum's annual report.
On the sidelines of the US–Africa summit in Luanda, Algiers and Luanda consolidate their energy collaboration to better exploit their oil, gas, and mining potential, targeting a common strategy in regional and international markets.
The UK's Climate Change Committee is urging the government to quickly reduce electricity costs to facilitate the adoption of heat pumps and electric vehicles, judged too slow to achieve the set climate targets.
The European Commission will extend until the end of 2030 an expanded state-aid framework, allowing capitals to fund low-carbon technologies and nuclear power to preserve competitiveness against China and the United States.
Japan's grid operator forecasts an energy shortfall of up to 89 GW by 2050 due to rising demand from semiconductor manufacturing, electric vehicles, and artificial intelligence technologies.
Energy-intensive European industries will be eligible for temporary state aid to mitigate high electricity prices, according to a new regulatory framework proposed by the European Commission under the "Clean Industrial Deal."
Mauritius seeks international investors to swiftly build a floating power plant of around 100 MW, aiming to secure the national energy supply by January 2026 and address current production shortfalls.
Madrid announces immediate energy storage measures while Lisbon secures its electrical grid, responding to the historic outage that affected the entire Iberian Peninsula in late April.
Indonesia has unveiled its new national energy plan, projecting an increase of 69.5 GW in electricity capacity over ten years, largely funded by independent producers, to address rapidly rising domestic demand.
French Minister Agnès Pannier-Runacher condemns the parliamentary moratorium on new renewable energy installations, warning of the potential loss of 150,000 industrial jobs and increased energy dependence on foreign countries.
The European battery regulation, fully effective from August 18, significantly alters industrial requirements related to electric cars and bicycles, imposing strict rules on recycling, supply chains, and transparency for companies.
The European Parliament calls on the Commission to strengthen energy infrastructure and accelerate the implementation of the Clean Industrial Deal to enhance the continent's energy flexibility and security amid increased market volatility.
The European Commission unveils an ambitious plan to modernize electricity grids and introduces the Clean Industrial Deal, mobilizing hundreds of billions of euros to strengthen the continent's industrial and energy autonomy.
In the United States, regulated electric grid operators hold a decisive advantage in connecting new data centres to the grid, now representing 134 GW of projects, according to a Wood Mackenzie report published on June 19.
The French National Assembly approves a specific target of 200 TWh renewable electricity production by 2030 within a legislative text extensively debated about the future national energy mix.
In 2024, US CO₂ emissions remain stable at 5.1bn tonnes, as the Trump administration prepares hydrocarbon-friendly energy policies, raising questions about the future evolution of the American market.
The early publication of France's energy decree triggers strong parliamentary reactions, as the government aims to rapidly secure investments in nuclear and other energy sectors.
Seven weeks after the major Iberian power outage, Spain identifies technical network failures, while the European Investment Bank approves major funding to strengthen the interconnection with France.
The European Union has announced a detailed schedule aiming to definitively halt Russian gas imports by the end of 2027, anticipating internal legal and commercial challenges to overcome.