{"id":28544,"date":"2023-04-21T07:50:00","date_gmt":"2023-04-21T04:50:00","guid":{"rendered":"https:\/\/www.fundingprogrammesportal.gov.cy\/2023\/04\/renewfm-o-mixanismos-xrimatodotisis-ananeosimon-pigon-energias\/"},"modified":"2023-04-21T07:53:50","modified_gmt":"2023-04-21T04:53:50","slug":"renewfm-the-eu-renewable-energy-financing-mechanism-launches-its-first-call-for-proposals","status":"publish","type":"post","link":"https:\/\/www.fundingprogrammesportal.gov.cy\/en\/2023\/04\/renewfm-the-eu-renewable-energy-financing-mechanism-launches-its-first-call-for-proposals\/","title":{"rendered":"RENEWFM: The EU Renewable Energy Financing Mechanism launches its first call for proposals"},"content":{"rendered":"<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cinea.ec.europa.eu\/sites\/default\/files\/styles\/oe_theme_medium_no_crop\/public\/2023-04\/RENEWFM-Call%20SoMe%20pack_2023_2_0.jpg?itok=73cLPyfn\" alt=\"RENEWFM-Call 2023.jpg\" width=\"459\" height=\"245\" \/>\r\n\r\nThe first call for proposals of the\u00a0EU\u00a0<a href=\"https:\/\/energy.ec.europa.eu\/topics\/renewable-energy\/financing\/eu-renewable-energy-financing-mechanism_en\">Renewable Energy Financing Mechanism<\/a>\u00a0has been launched on 18 April 2023.\r\n\r\nOn the basis of Member States\u2019 expression of interest and binding commitments, CINEA has opened the first-ever cross-border tender\u00a0for renewables on 18 April. The call will close on 27\u00a0of September. For this call, Luxembourg will participate as a contributing country, voluntarily contributing EUR\u00a0<strong>40 million<\/strong>\u00a0to the mechanism. Finland will be the hosting country.\r\n\r\nThe call will support new solar PV projects located in Finland with a minimum capacity of 5 MW and a maximum of 100 MW. The total capacity of the call is expected to be 400 MW.\r\n\r\n<a class=\"ecl-link\" href=\"https:\/\/ec.europa.eu\/info\/funding-tenders\/opportunities\/portal\/screen\/opportunities\/topic-details\/renewfm-2022-tech-spec;callCode=null;freeTextSearchKeyword=renewable%20energy%20financing%20mechanism;matchWholeText=true;typeCodes=1,0;statusCodes=31094501,31094502,31094503;programmePeriod=null;programCcm2Id=null;programDivisionCode=null;focusAreaCode=null;destinationGroup=null;missionGroup=null;geographicalZonesCode=null;programmeDivisionProspect=null;startDateLte=null;startDateGte=null;crossCuttingPriorityCode=null;cpvCode=null;performanceOfDelivery=null;sortQuery=sortStatus;orderBy=asc;onlyTenders=false;topicListKey=topicSearchTablePageState\">Check the call for proposals in the Funding &amp; Tenders Portal<\/a>\r\n\r\n<a class=\"ecl-link\" href=\"https:\/\/energy.ec.europa.eu\/news\/renewable-energy-financing-mechanism-sees-first-tender-established-2023-04-14_en\">More on the news<\/a><a class=\"wt-link wtLaco\" role=\"button\" href=\"https:\/\/cinea.ec.europa.eu\/news-events\/news\/renewfm-eu-renewable-energy-financing-mechanism-launches-its-first-call-proposals-2023-04-18_en#modal\" aria-controls=\"laco-modal\"><span title=\"Search for available translations of the preceding link\" aria-hidden=\"true\"><i>EN<\/i><b class=\"wtLacoBullet\">\u2022\u2022\u2022<\/b><\/span><\/a>\r\n\r\nTo better support renewable energy projects, and thereby encourage a greater uptake of renewable energy sources across the EU, the European Commission has established a new EU financing mechanism: the EU Renewable Energy Financing Mechanism (RENEWFM).\r\n\r\nThe RENEWFM pools financial contributions from participating EU countries and then allocates funding through a system of competitive tenders. It involves countries that make direct payment into the mechanism (contributing countries) and countries that allow physical installations of the new projects on their territory (host countries).\r\n\r\nThe financial contributions that enter the financing mechanism scheme will be distributed by the European Commission through competitive tenders for grants. The grants cover either the installation of a renewable energy production facility with certain capacity (investment support), or the actual production of renewable energy (operating support). The size of the grant is determined by the outcome of the tender procedure, where only the most competitive projects will be selected and receive support, corresponding to their bid in the tender. The general principle of the RENEWFM is to rank applications according to the lowest price offer per MW.\r\n\r\n<a href=\"https:\/\/cinea.ec.europa.eu\/eu-renewable-energy-financing-mechanism-how-does-it-work_en\">More information about the mechanism<\/a><a class=\"wt-link wtLaco\" role=\"button\" href=\"https:\/\/cinea.ec.europa.eu\/news-events\/news\/renewfm-eu-renewable-energy-financing-mechanism-launches-its-first-call-proposals-2023-04-18_en#modal\" aria-controls=\"laco-modal\"><span title=\"Search for available translations of the preceding link\" aria-hidden=\"true\"><i>EN<\/i><b class=\"wtLacoBullet\">\u2022\u2022\u2022<\/b><\/span><\/a>\r\n\r\nFor any queries, you can email CINEA directly at:\u00a0<a href=\"mailto:CINEA-RENEWFM@ec.europa.eu\">CINEA-RENEWFM@ec.europa.eu<\/a>","protected":false},"excerpt":{"rendered":"<p>The first call for proposals of the\u00a0EU\u00a0Renewable Energy Financing Mechanism\u00a0has been launched on 18 April 2023. On the basis of Member States\u2019 expression of interest and<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-28544","post","type-post","status-publish","format-standard","hentry","category-announcements"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RENEWFM: The EU Renewable Energy Financing Mechanism launches its first call for proposals - \u03a0\u03cd\u03bb\u03b7 \u0395\u03bd\u03b7\u03bc\u03ad\u03c1\u03c9\u03c3\u03b7\u03c2 \u03a7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03b4\u03bf\u03c4\u03b9\u03ba\u03ce\u03bd \u03a0\u03c1\u03bf\u03b3\u03c1\u03b1\u03bc\u03bc\u03ac\u03c4\u03c9\u03bd - \u0393\u0394 \u0391\u03bd\u03ac\u03c0\u03c4\u03c5\u03be\u03b7\u03c2<\/title>\n<meta name=\"description\" content=\"RENEWFM: The EU Renewable Energy Financing Mechanism launches its first call for proposals\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundingprogrammesportal.gov.cy\/en\/2023\/04\/renewfm-the-eu-renewable-energy-financing-mechanism-launches-its-first-call-for-proposals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RENEWFM: The EU Renewable Energy Financing Mechanism launches its first call for proposals - 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