The European Union has introduced the Trans-Mediterranean Renewable Energy and Clean Tech Cooperation (T-MED), a programme designed to accelerate clean energy development across the Mediterranean region.
The initiative aims to support the deployment of 15 GW of new renewable energy capacity by 2035 and mobilise up to $29 B (€25 B) in combined public and private investment. It was presented during European Sustainable Energy Week by European Commission officials Dubravka Šuica and Dan Jørgensen.
T-MED will bring together EU institutions, partner countries, investors and developers to advance projects in renewable energy, energy efficiency, infrastructure and clean technology. It also seeks to strengthen cooperation between the EU and countries in North Africa, the Middle East and the Gulf, while encouraging regulatory reforms and improving investment conditions.
The programme is structured around five key areas: investment mobilisation, regulatory cooperation, skills development, infrastructure and grid upgrades, renewable energy trade, and clean technology industry support. It also aims to expand cross-border energy links and strengthen local manufacturing capacity.
According to the Commission, the initiative could create over 100,000 jobs in areas such as engineering, installation, planning and finance. It also highlights the region’s strong renewable potential, including lower solar and wind costs compared to Europe and significant untapped capacity.
To support implementation, the EU has allocated more than $5.7 B (€5 B) in guarantees through the European Fund for Sustainable Development Plus, part of the Global Gateway strategy.
The Commission has also opened calls for investment to attract private capital into renewable energy, hydrogen, grid infrastructure and clean technology projects across selected Mediterranean countries.
Source: Taiyang News
