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European Climate, Infrastructure and Environment Executive Agency
Info days

RENEWFM - Info Day on the first call for proposals

The first call for proposal of the Renewable Energy Financing Mechanism will open on 18 April 2023. CINEA is organising an info day to explain all the details about this call and help potential applicants to submit a successful proposal.

  • renewable energy
  • Tuesday 25 April 2023, 10:00 - 16:00 (EEST)
  • Helsinki, Finland
  • Live streaming available

Programme

  1. 25 Apr 2023, 10:00 - 10:20 (EEST)
    Welcome and Introduction to RENEWFM

    Outi VILEN and Kati VEIJONEN – Ministry of Economic affairs and Employment

    (This will be the only speech in Finnish/Swedish - the rest of the event will be in English)

  2. 10:20 - 10:40 (EEST)
    RENEWFM in the European Energy policy landscape

    Vasil STOYNOV – DG ENER.

  3. 10:40 - 11:15 (EEST)
    Presentations of the call conditions and timeline
    • CINEA and its role in managing RENEWFM; introduction to the call timeline, including evaluation steps, grant award and reporting requirements. Beatrice CODA. Head of Unit B4 CEF Energy and RENEWFM, CINEA
    • Eligibility and Award criteria. Gianluca FERRERI, Head of Sector CEF CB RES/ RENEWFM, CINEA
  4. 11:15 - 11:30 (EEST)
    Coffee Break
  5. 11:30 - 12:00 (EEST)
    How to apply to the call; Grant Agreement preparation, reporting provisions and grant payment

    Gianluca FERRERI, Head of Sector CEF CB RES/ RENEWFM, CINEA

  6. 12:00 - 12:30 (EEST)
    Q & A and discussion with participants

    Moderated by Outi VILEN

  7. 12:30 - 12:35 (EEST)
    Closing remarks
  9. 14:00 - 16:00 (EEST)
    Bilateral meetings with CINEA

    During the registration, Renewable Energy Networks/Umbrella organisations can express their interest for a bilateral meeting with CINEA. Depending on the amount of expressions of interest, we will get back to you with the most suitable options to meet.

Practical information

When
Tuesday 25 April 2023, 10:00 - 16:00 (EEST)
Where
MINISTRY OF TRANSPORT AND COMMUNICATIONS
ETELÄESPLANADI 4, Helsinki, Finland
Languages
English

Description

RENEWFM info day 2023

Link to the recording

Presentations

Background

To better support renewable energy projects, and thereby encourage a greater uptake of renewable energy sources across the EU, the European Commission has established a new EU financing mechanism: the Renewable Energy Financing Mechanism (RENEWFM). The Commission Implementing Regulation (EU) 2020/1294 of 15 September 2020 on the Union renewable energy financing mechanism sets out the detailed functioning and underpinnings of the RENEWFM.

The RENEWFM pools financial contributions from participating EU countries and then allocates funding through a system of competitive tenders. It involves countries that make direct payment into the mechanism (contributing countries) and countries that allow physical installations of the new projects on their territory (host countries).

The financial contributions that enter the financing mechanism scheme will be distributed by the European Commission through competitive tenders for grants. The grants cover either the installation of a renewable energy production facility with certain capacity (investment support), or the actual production of renewable energy (operating support). The size of the grant is determined by the outcome of the tender procedure, where only the most competitive projects will be selected and receive support, corresponding to their bid in the tender. The general principle of the RENEWFM is to rank applications according to the lowest price offer per MW.

More information about the mechanism.

For any queries, you can email CINEA directly at: CINEA-RENEWFMatec [dot] europa [dot] eu (CINEA-RENEWFM[at]ec[dot]europa[dot]eu)