European Commission launches T-MED platform with up to €4.5 billion in EU guarantees

The European Commission has launched the T-MED Investment Platform to mobilise large-scale investment in renewable energy and clean technologies across the Mediterranean. The platform is a key part of the Trans-Mediterranean Renewable Energy and Clean Tech Cooperation Initiative (T-MED), a flagship initiative of the Pact for the Mediterranean.

Commissioner for the Mediterranean Dubravka Šuica presented the platform at a stakeholder event in Brussels, which brought together European and international financial institutions, private investors and project promoters to identify investment opportunities and projects that could benefit from Commission support.

The Commission says EU support will include up to €4.5 billion in guarantee capacity under the European Fund for Sustainable Development Plus (EFSD+). EFSD+ is the EU’s financing tool for sustainable investment outside the bloc. The support is intended to help reduce investment risks, attract private capital and speed up implementation of viable renewable energy and clean technology projects across the region.

The Mediterranean has considerable untapped renewable energy potential, according to the Commission. T-MED aims to support investment in renewable electricity generation, renewable hydrogen, electricity transmission and distribution networks, energy storage, cross-border interconnections and clean technology manufacturing.

The platform will also support efforts to improve regulatory frameworks, permitting procedures, grid access and power purchase agreements, while promoting skills development and local clean technology value chains. The Commission says these measures are intended to strengthen energy security, deepen economic cooperation and create new opportunities for sustainable growth across the Mediterranean.

Projects already under way

The Commission says T-MED is already taking shape through projects in Egypt and Tunisia. In Egypt, it is enabling the modernisation and expansion of the national electricity grid, with a total investment value of €1.6 billion. The programme includes new substations and advanced transmission lines to integrate solar and wind power from the Red Sea and Gulf of Suez regions into the national grid.

The Commission says those investments are expected to reduce transmission losses, improve electricity reliability, strengthen energy security and support sustainable economic development. They are also expected to contribute to regional electricity cooperation and future clean-energy trade and integration across the Mediterranean.

In Ain Sokhna, Egypt, T-MED enabled the first Green Ammonia project in North Africa, a €575 million operation with a European electrolyser at its heart. The ammonia produced is exported to the EU market.

In Egypt, through an EU guarantee, T-MED has enabled the construction of one of the biggest hybrid solar photovoltaic projects in Africa, worth around €430 million.

The Niat and Rasgha Wind Projects in Egypt will bring 500 MW of new onshore wind to the Gulf of Suez, strengthening the renewable base for Egypt's future hydrogen production through European wind technology.

In Tunisia, T-MED is supporting the construction of two 100 MW solar photovoltaic plants and their associated transmission infrastructure, with total EU support of about €92 million and €80 million respectively. The Commission says the projects will back private sector participation in the Tunisian power sector and increase the country's energy security and resilience.

What the Commission says T-MED is meant to do

The Commission says the T-MED Investment Platform reflects the Pact for the Mediterranean’s ambition to build a Common Mediterranean Space that is connected, prosperous, resilient and secure. It says the EU and its partners aim to support the diversification of renewable energy systems and supply chains, create new economic opportunities and contribute to the region’s long-term prosperity and stability.

By 2035, T-MED aims to mobilise up to €25 billion in expected investments in renewable energy production, electricity grids, interconnections and clean technologies, alongside the training and upskilling of up to 10,000 workers.

The Commission says the Pact for the Mediterranean was developed by the Commission and the European External Action Service and adopted by the College in October 2025, ahead of its official launch by EU and Southern Mediterranean partners on 28 November 2025, on the 30th anniversary of the Barcelona Declaration.