The European Commission and the European Investment Bank announced today the disbursement of €2.5 billion from the Modernisation Fund to support 51 energy‑related projects in 11 EU Member States. The money comes from revenues generated by the EU Emissions Trading System (EU ETS) and brings the total amount available from the Fund to €23.2 billion since January 2021. Funds were allocated to Czechia, Estonia, Greece, Croatia, Latvia, Lithuania, Hungary, Poland, Portugal, Romania, and Slovenia, covering projects such as district‑heating decarbonisation, replacement of diesel buses with electric ones, grid digitalisation, geothermal heat, battery storage and renewable electricity generation. The projects aim to improve energy efficiency, reduce greenhouse‑gas emissions, support industry competitiveness and expand renewable energy and storage capacities.
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