Renewable Energy Financing Mechanism Technology specific - Solar PV

Call updates

Nov 15, 2023 1:03:46 PM

Call results

Call published: 18/04/2023

Call deadline: 27/09/2023

Indicative budget: EUR 40.000.000

Number of admissible and eligible proposals: 10

Number of successful proposals: 8

Total budget for the successful proposals: EUR 40.000.000

Total MW financed for the successful proposals: 282,77

Sep 29, 2023 10:13:55 AM

20 applications were submitted, for a total of 485 MW.

22/08/2023

The Programme team at CINEA will organise a final Q&A session before call closure on 5 September 2023. All information and the link to register to this opportunity to clarify any pending questions are available here:

https://cinea.ec.europa.eu/news-events/events/renewfm-final-qa-session-call-closing-2023-09-05_en

Apr 18, 2023 12:00:06 AM

The submission session is now available for: RENEWFM-2022-TECH-SPEC(RENEWFM-LS)

Apr 18, 2023 12:00:04 AM

The official Call document is in English. There are no official translations of the Call document. However, a courtesy translation in Finnish is available. You can send a message to the helpdesk CINEA-RENEWFM@ec.europa.eu in order to get it.

Renewable Energy Financing Mechanism Technology specific - Solar PV
TOPIC ID: RENEWFM-2022-TECH-SPEC

Programme: Renewable Energy Financing Mechanism (RENEWFM)
Call: Renewable Energy Financing Mechanism (RENEWFM) Investment support (RenewFM-2022-INVEST)
Type of action: RENEWFM-LS RENEWFM Lump Sum Grants
Type of MGA: RENEWFM Lump Sum Grant [RENEWFM-AG-LS]
Deadline model: single-stage
Planned opening date: 18 April 2023
Deadline date: 27 September 2023 17:00:00 Brussels time

Objective:
The RENEWFM is an EU financing programme contributing to the clean energy transition and the European Green Deal objectives, including the goals and objectives of the Paris Agreement, 2030 climate and energy targets and long-term decarbonisation objective.

In this context, the RENEWFM allows EU countries to work more closely together in the take-up and promotion of renewables, improving the efficiency of investment, pooling resources and finding the right mix between public and private finance. It facilitates a more cost-effective roll-out of renewables across the EU, particularly in areas that have a greater access to natural resources or are better suited for it in terms of geography.

To see the detailed conditions of the current call, please see the call document under the next section “Topic conditions and documents”, available by the call opening date.

Expected Impact:
The projects must contribute to the realization of additional renewable energy capacity across the EU in a cost-effective way. The beneficiaries will be expected to report renewable energy production on an annual basis.

Apr 12, 2023 12:00:00 AM

The submission session is now available for: RENEWFM-2022-TECH-SPEC(RENEWFM-LS)

Extended Deadline date: 27 September 2023 17:00:00 Brussels time

Renewable Energy Financing Mechanism Technology specific - Solar PV

TOPIC ID: RENEWFM-2022-TECH-SPEC

Programme: Renewable Energy Financing Mechanism (RENEWFM)
Call: Renewable Energy Financing Mechanism (RENEWFM) Investment support (RenewFM-2022-INVEST)
Type of action: RENEWFM-LS RENEWFM Lump Sum Grants
Type of MGA: RENEWFM Lump Sum Grant [RENEWFM-AG-LS]
Deadline model: single-stage
Planned opening date: 14 February 2023
Deadline date: 17 August 2023 17:00:00 Brussels time

ExpectedOutcome:
The present call concerns the solar photovoltaic projects and has received financing from the following ‘contributing Member State’: Luxembourg.

The call aims to provide support for renewable energy projects in the following ‘host Member State’: Finland;

The call will be organised as a technology-specific grant award procedure, pursuant to Article 16.1(c) for solar photovoltaic projects located in the above-mentioned host Member State.

The support under this call will be provided in the form of investment support in accordance with Regulation 2018/1999. The grants will be awarded through a competitive procedure organised in the format of a competitive bidding process to achieve the most cost-effective renewable energy deployment. Successful applicants will receive a lump sum contribution to their ‘bid’ costs per kW for the full size of their project (i.e. pay-as-bid).

The call fulfils the Mechanism’s gap filling function’ (Article 2(2)(a) of the RENEWFM Regulation 2020/1294).

Objective:
This topic targets solar PV projects as a well-established and low-cost renewable energy technology aimed at high reliability in terms of deploying fully operational renewable electricity (RES-E) capacities and generation volumes and thus assumes effective and quick project realization from awarded project applicants.

Scope:
The following activities aiming at the deployment of renewable energy capacities can be funded: solar PV projects.

The following conditions apply:

Maximum limit of capacity size per project is 100 MW
At project level, removal of forest is restricted to maximum 25 % of the area needed for installation of solar panels.
Project activities (installations) must be located in the following EU Member States countries:

Finland (excluding the Åland Province).
Only projects expected to enter into operation within 24 months may be funded. Therefore, applicants need to demonstrate sufficient maturity of the project and provide with:

Permit: a construction permit must have been obtained at the moment of proposal submission.
Land: Access rights (ownership or use rights) must have been obtained at the moment of proposal submission.
Grid Connection: an application to the grid connection must have been launched. The payment for a binding reservation of grid capacity may be done after award of the grant.

Expected Impact:
The projects must contribute to the realization of additional renewable energy capacity across the EU in a cost-effective way. The beneficiaries will be expected to report renewable energy production on an annual basis.