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Renewable Energy Financing Mechanism (RENEWFM)

RENEWFM — Solar PV (Bulgaria & Finland)

Funds the RENEWFM solar photovoltaic call for project developers in Bulgaria and Finland to build cross-border renewable power.

The Renewable Energy Financing Mechanism (RENEWFM) is an EU cross-border cooperative instrument managed by CINEA that enables Member States to jointly advance their 2030 renewable energy targets by pairing financial contributors with host countries that build renewable capacity. Under the mechanism, renewable energy project developers in designated host Member States bid competitively for producti

Solar PV renewable energy project development in EU host Member States (Bulgaria and Finland for the 2026 cycle), with production premiums awarded via competitive bidding to advance EU 2030 renewable energy targets.

CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Annual
Next deadlineiThe next date applications are due. Rolling means you can apply any time.
Decision timeiTypical time from the deadline to the funder's decision.
Project durationiHow long the funded work is expected to run.
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Auction
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.

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Last verified: 24 Jul 2026Source: cinea.ec.europa.eu