T-MED aims to accelerate the development of renewable energy, hydrogen, clean technology manufacturing and modern electricity networks across the Mediterranean region by 2035.
Unveiled during the European Sustainable Energy Week by Commissioner for the Mediterranean, Dubravka Šuica and Commissioner for Energy and Housing, Dan Jørgensen, T-MED aims to mobilise up to €25 billion in expected investments by 2035.
The European Commission has made available more than €5 billion in guarantee capacity under the European Fund for Sustainable Development Plus. This guarantee capacity will help unlock public and private investment in sectors covered by T-MED.
By 2035, the initiative is expected to contribute to the development of 15 gigawatts of new renewable energy capacity, support regulatory reforms in partner countries, and help generate more than 100,000 jobs in clean energy sectors.
T-MED will be implemented through five coordinated actions:
- Investment mobilisation: T-MED will bring together the Commission, European and international financial institutions, and the private sector to reduce investment risks, attract funding and support renewable energy and clean technology projects across the region.
- Regulatory cooperation: T-MED will support partner countries in improving the investment climate, including by simplifying permitting procedures, aligning regulations and reducing barriers to investment.
- Skills development: through a T-MED Skills Agenda, it will help align vocational training with the needs of the clean energy sector, ensuring that the local workforce can benefit from new job opportunities created by the energy transition. In particular, the Skills Agenda will include support to modernised technical and vocational education and training systems, strengthen university partnerships and promote excellence in engineering, digital technologies and green finance.
- Infrastructure upgrades and renewable energy trading: by mobilising investments over the coming years, T-MED will support the modernisation of electricity grids, promote cross-border energy trade and encourage the deployment of smart technologies to better integrate renewable energy into power systems.
- Clean tech industrial cooperation: T-MED will support local manufacturing and more resilient supply chains, and foster innovation and industrial partnerships across the Mediterranean.
Meeting the Mediterranean’s need for energy security
Dan Jørgensen, Commissioner for Energy and Housing commented: “The current energy crisis underscores how energy security cannot only rely on diversifying fossil fuel imports. We must move towards electrified energy systems based on clean energy, strong interconnections and efficient networks. This initiative will be key to unlock the untapped clean energy potential of the Southern Mediterranean region and foster investments in clean tech. It will serve both Europe’s and the region’s interest in lowering exposure to fossil fuel price shocks.”
Commissioner for the Mediterranean Dubravka Šuica concurred, adding: “At a time of geopolitical uncertainty, growing energy demand and increasing climate pressures, unlocking this potential is in the shared interest of both the EU and its southern Mediterranean partners.”
Investors are invited to express their interest
The Commission has launched platforms for investors:
- Private investors such as commercial banks, asset managers and impact funds are invited to express their interest here (closing 15 June)
- Project promoters are invited to express interest here (closing 15 August)
By October 2026, the European Commission will chair the first operational meeting of the T-MED Investment Platform.
By 2027, the first EU-Mediterranean clean tech industrial collaborations will take shape, bringing together companies from both sides of the Mediterranean.