BRUSSELS, BELGIUM / EuroWire / – The European Union has launched a Mediterranean clean energy initiative that aims to mobilise up to €25 billion for renewable energy and clean technology by 2035. The Trans-Mediterranean Renewable Energy and Clean Tech Cooperation initiative, known as T-MED, was unveiled during European Sustainable Energy Week. It sits under the Pact for the Mediterranean and focuses on investment, regulation, skills, infrastructure and clean tech industry.
T-MED targets renewable power, hydrogen, clean technology manufacturing and modern electricity networks across the Mediterranean region. The European Commission said it has made available more than €5 billion in guarantee capacity through the European Fund for Sustainable Development Plus. The guarantees will support public and private investment in sectors covered by the initiative. The plan also seeks to build a project pipeline for large clean energy and infrastructure projects.
The European Union expects T-MED to support 15 gigawatts of new renewable energy capacity by 2035. It also links the initiative to regulatory reforms in partner countries and more than 100,000 jobs in clean energy sectors. The Commission said the programme will bring together governments, financial institutions, private actors and local stakeholders. Its stated aim is stronger cooperation across Mediterranean energy markets.
Investment platform to coordinate projects
The initiative has five main work areas. They cover investment mobilisation, regulatory cooperation, skills development, infrastructure upgrades and clean tech industrial cooperation. T-MED will support modern grids, smart technologies, cross-border energy trade and stronger interconnections. It also covers solar power, wind power, storage systems, hydrogen infrastructure and clean technology manufacturing. These areas form the core of the EU clean energy plan for the Mediterranean.
The Commission has opened calls for private investors and project promoters under the T-MED Investment Platform. The investor call targets commercial banks, asset managers, impact funds and other institutional investors. The project promoter call targets EU and European Economic Area companies with proposed clean energy projects in the Southern Mediterranean. Eligible fields include renewable energy, energy infrastructure, hydrogen, storage and clean tech manufacturing.
Mediterranean pact sets policy framework
The Pact for the Mediterranean was launched in Barcelona on Nov. 28, 2025. It covers cooperation with countries in the Middle East and North Africa. The pact includes a pillar on stronger, more sustainable and integrated economies. T-MED serves as one of its main energy and clean technology measures. The initiative also forms part of Global Gateway, the EU programme for sustainable investment and infrastructure links.
The Mediterranean region has renewable generation potential of more than 2,300 gigawatts, according to the Commission. It said solar and wind generation costs in the region can be 30% to 40% lower than in Europe. Energy demand on the southern Mediterranean shore may rise by 50% by 2035. The European Commission plans the first operational meeting of the T-MED Investment Platform in October 2026.