Greece will receive €233.9 million from the European Union’s Modernisation Fund to support clean energy projects, as part of a new disbursement of €2.5 billion announced today by the European Commission and the European Investment Bank.
Support for 51 Energy Projects Across 11 EU Countries
The €2.5 billion package will finance 51 energy-related initiatives across 11 EU member states. The funding stems from revenues generated by the EU Emissions Trading System (EU ETS), which places a price on carbon emissions from power generation and energy-intensive industries.
With this latest allocation, total disbursements from the Modernisation Fund since January 2021 now amount to €23.2 billion.
Funding Breakdown by Country
The current round of financing benefits the following countries:
- Greece: €233.9 million
- Czechia: €516.8 million
- Estonia: €44.8 million
- Croatia: €109 million
- Latvia: €40 million
- Lithuania: €169 million
- Hungary: €552.3 million
- Poland: €180 million
- Portugal: €81.4 million
- Romania: €636.9 million
- Slovenia: €20.2 million
These investments aim to modernise energy systems by improving energy efficiency across the power, industrial, and transport sectors — contributing directly to the EU’s broader climate goals, including greenhouse gas emission reductions.