The European Union is offering up to €4.5 billion in guarantees to attract private investment in renewable energy and clean technology across the Mediterranean.
European Commissioner for the Mediterranean Dubravka Šuica launched the T-MED Investment Platform at an event in Brussels, bringing together financial institutions, investors and project developers.
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Operating under the Pact for the Mediterranean, the platform uses guarantees through the European Fund for Sustainable Development Plus (EFSD+) to reduce investment risks and mobilise private capital.
Connecting Projects With Investment
T-MED covers renewable electricity, green hydrogen, energy storage, electricity grids, cross-border interconnections and clean-tech manufacturing. It also aims to address barriers such as permitting, grid access and regulatory frameworks, while supporting workforce training and local supply chains.
Projects Across Egypt And Tunisia
In Egypt, a €1.6 billion programme will modernise the national electricity grid, connecting solar and wind generation in the Red Sea and Gulf of Suez regions.
Other projects include a €575 million green-ammonia facility at Ain Sokhna, intended to supply the EU market, and a hybrid solar photovoltaic development valued at approximately €430 million. The Niat and Rasgha wind projects are expected to add 500 MW of onshore capacity in the Gulf of Suez, potentially supporting future hydrogen production.
In Tunisia, two 100 MW solar plants are receiving support alongside transmission infrastructure. EU contributions total approximately €92 million for one project and €80 million for the other.
€25 Billion Investment Target By 2035
T-MED aims to mobilise up to €25 billion by 2035 for renewable energy, electricity grids, interconnections and clean technologies. It also plans to train and upskill up to 10,000 workers.
The initiative seeks to strengthen energy security, attract private investment and create economic opportunities across the Mediterranean.
A Shared Mediterranean Framework
Developed by the European Commission and the European External Action Service, the Pact for the Mediterranean was adopted by the College of Commissioners in October 2025 and officially launched with Southern Mediterranean partners on 28 November 2025, marking the 30th anniversary of the Barcelona Declaration.
The Pact brings the EU, its member states and Southern Mediterranean partners together to promote a more integrated and resilient region.







