en.Wedoany.com Reported - The European Commission, together with the European Investment Bank, announced the allocation of €2.5 billion from the Modernisation Fund to 51 energy-related projects in 11 member states. The fund is financed by revenues from the EU Emissions Trading System, and its cumulative disbursements have reached €23.2 billion since January 2021.

The countries receiving funding in this round cover Central and Eastern Europe, Southern Europe, and the Baltic region, with specific allocations as follows: Romania €636.9 million, Hungary €552.3 million, Czechia €516.8 million, Greece €233.9 million, Poland €180 million, Lithuania €169 million, Croatia €109 million, Portugal €81.4 million, Estonia €44.8 million, Latvia €40 million, and Slovenia €20.2 million.

These 51 projects span three major areas: renewable energy generation and deployment, modernisation of energy networks, and energy efficiency improvements. Typical projects include: decarbonisation of district heating in Czechia, electric trolleybuses in Estonia, industrial process energy efficiency improvements in Greece, grid digitalisation in Hungary, geothermal district heating in Croatia, electric buses in Latvia, industrial decarbonisation in Lithuania, thermal energy storage and building energy efficiency in Poland, public building energy efficiency in Portugal, battery energy storage in Romania, and grid modernisation in Slovenia.

The Modernisation Fund aims to help lower-income EU member states achieve their climate and energy goals, complementing Cohesion Policy, the Recovery and Resilience Facility, and the Just Transition Fund. The next submission deadlines for new proposals are: by 11 August 2026 for non-priority investments, and by 8 September 2026 for priority investments, with priority proposals accounting for over 90% of the total investment portfolio.