The European Commission has published the rules for a new EU Renewable Energy Financing Mechanism, applicable from the start of 2021. In the framework of this mechanism, Member States will have the possibility to contribute to the development of renewable energy sources as „host“ or „contributing“ countries. The European Green Deal target is to reach EU carbon neutrality by 2050. The mechanism will be managed by the European Commission, bringing together investors and renewable energy project developers through regular public tenders.
