Modernisation Fund
The Modernisation Fund supports scientific and technological projects to modernize energy systems and improve efficiency in 13 lower-income EU countries, advancing the European Green Deal’s climate goals.
Funder: European Commission
Due Dates: June 13, 2025 (First 2025 disbursement) | December 10, 2025 (Second 2025 disbursement) | June 12, 2024 (First 2024 disbursement) | December 11, 2024 (Second 2024 disbursement)
Funding Amounts: €57 billion total (2021–2030), distributed among 13 eligible countries; award size and duration determined at national level.
Summary: Supports energy system modernization and efficiency in 13 lower-income EU Member States to meet climate and European Green Deal targets.
Key Information: Applications must be submitted through national authorities; direct project applications to the EU are not accepted.
Description
The Modernisation Fund is an EU initiative managed by the European Commission to accelerate the transition toward climate neutrality in 13 lower-income EU Member States. The fund targets investments that modernize energy systems, enhance energy efficiency, and support the European Green Deal objectives. It covers a broad range of actions, including renewable energy, energy storage, modernization of energy networks, alleviating energy poverty, and facilitating just transitions in carbon-dependent regions. The fund is primarily financed by revenues from the EU Emissions Trading System (EU ETS).
