The European Union presented on Thursday the Trans-Mediterranean Cooperation on Renewable Energy and Clean Technologies (T-MED), an initiative aimed at accelerating the deployment of renewable energy, hydrogen, clean technologies, and modern power grids in the Mediterranean region.
The program expects to mobilize up to €25 billion in investments before 2035.
The initiative was presented during European Sustainable Energy Week by the Commissioner for the Mediterranean, Dubravka Šuica, and the Commissioner for Energy and Housing, Dan Jørgensen.
T-MED is part of the Pact for the Mediterranean, launched by the EU in November 2025 to strengthen cooperation with countries in the Middle East and North Africa.
T-MED will mobilize investments for the energy transition
The European Commission announced that it will make more than €5 billion in guarantee capacity available through the European Fund for Sustainable Development Plus (EFSD+).
The objective is to facilitate the mobilization of public and private financing for energy projects throughout the Mediterranean region. According to Brussels’ forecasts, T-MED will contribute to the development of 15 gigawatts of new renewable capacity by 2035.
Furthermore, the initiative will support regulatory reforms in partner countries and favor the creation of more than 100,000 jobs linked to clean energy.
Five pillars to boost renewables and clean technologies
The strategy is structured around five areas of action. The first focuses on mobilizing investment through collaboration between European and international financial institutions and the private sector.
The second axis involves regulatory cooperation to improve the investment climate, simplify authorization processes, and harmonize regulations.
T-MED will also promote the development of professional skills through a specific agenda oriented toward technical training, engineering, digital technologies, and green finance.
Likewise, it will promote the modernization of energy infrastructure, cross-border electricity trade, and the integration of smart technologies into grids.
The fifth line of work will be dedicated to strengthening industrial cooperation in clean technologies, fostering local manufacturing, innovation, and the development of more resilient supply chains.
Open calls for investors and developers
The European Commission opened a call for expressions of interest aimed at private investors, including commercial banks, asset managers, and impact funds, which will remain open until June 15.
In parallel, project developers may submit proposals until August 15.
The first operational meeting of the T-MED Investment Platform is scheduled for October 2026. Brussels expects the first industrial collaborations between European and Mediterranean companies in the field of clean technologies to begin materializing during 2027.
Source: https://north-africa-middle-east-gulf.ec.europa.eu/
Photo: EU Commission
