On 9 June 2026, European Commissioner for Mediterranean Dubravka Šuica launched the Trans-Mediterranean Renewable Energy and Clean Tech Cooperation Initiative (T-MED) at the EU's Sustainable Energy Week. The initiative aims to unlock up to €25 billion in investments and generate at least 15 Gigawatts of additional renewable energy capacity by 2035, addressing the climate finance investment gap in the region.
T-MED is a flagship of the Pact for the Mediterranean, launched in November 2025 in Barcelona. The initiative responds to the energy crisis caused by the closing of the Strait of Hormuz, which underscored Europe's vulnerability to fossil fuel shocks. Šuica stressed that renewable energy is 30% to 40% cheaper to produce in North Africa than in Europe, yet Africa attracted less than 2% of global renewable investment in 2024 despite holding around 40% of global solar potential.
How T-MED will work
The core of T-MED is the T-MED Investment Platform, operational from September 2026. It brings together EU financial institutions, private investors, project promoters, and partner countries. The platform includes over €5 billion in guarantee capacity under the current EU long-term budget, aiming to de-risk private investment. A Call for Expressions of Interest for private investors was launched in April 2026. On 9 June, Šuica launched a dedicated Call for project promoters to identify bankable projects addressing regulatory bottlenecks, industrial partnerships, and infrastructure gaps.
The platform also includes a T-MED Regulatory Accelerator to support reform roadmaps, technical assistance, and regulatory dialogues. Additionally, a T-MED Skills Agenda will link skills development to investments through vocational training, company-led programmes, and university partnerships, with a goal to train and upskill 100,000 workers in renewables, grids, and clean tech by 2035.
Pilot projects already underway
Šuica cited two pilot projects. In Egypt, the EU contributed €90 million and the European Investment Bank provided a €600 million loan to modernise and expand the national electricity grid, supporting a total investment of over €2 billion. This project aims to help Egypt reach 42% renewables by 2030 and strengthen its role as a regional energy hub. The second project, the Ain Sokhna Green Ammonia Project, with a total investment of €575 million, will develop a 100-Megawatt electrolysis facility to produce renewable hydrogen for export to Europe.
Triple win for partners, Europe, and the planet
Šuica described T-MED as a triple win: for partner countries through investment, jobs, and growth; for Europe through reliable, affordable energy and strengthened competitiveness; and for the planet through accelerated decarbonisation. She emphasised that the Mediterranean should not only deploy clean tech but also produce, assemble, and maintain it, creating a shared space of clean energy and clean industry.