A new funding opportunity under the EU Renewable Energy Financing Mechanism opens concrete possibilities for developers and investors planning ground-mounted solar PV (photovoltaic system) projects in Finland and Bulgaria. The European Commission has launched the 2026 call to accelerate renewable energy deployment through cross-border cooperation between EU member states. Get in touch with Spinverse to discuss your eligibility for the funding!
The call has a total budget of €54.9 million and will support mature solar PV investments through direct investment grants awarded via a competitive tender procedure.
Applications are open until 1 September 2026.
Cross-border cooperation
The Renewable Energy Financing Mechanism enables member states to jointly finance renewable energy projects across borders, supporting EU climate and energy targets while improving cost efficiency and deployment speed. Under the 2026 call, Luxembourg participates as the contributing country while Bulgaria and Finland act as host countries where the supported projects will be implemented.
This structure strengthens European cooperation and allows renewable energy to be developed where it is most effective, regardless of national boundaries.
Investment support for ground-mounted solar PV
The call focuses on ground-mounted solar photovoltaic projects located in the designated host countries. By targeting this technology, the mechanism aims to rapidly increase renewable electricity generation while contributing to both national and EU-wide climate objectives.
Successful projects will receive investment grants following a competitive ranking process. Detailed award criteria, country-specific conditions and grant disbursement rules will be presented during an upcoming information event.
How Spinverse can help
Understanding EU funding mechanisms requires a clear strategy, strong project positioning and a well-prepared funding proposal. Spinverse supports energy companies, project developers and investors throughout the full funding journey, from eligibility assessment and consortium structuring to proposal development.
If you are planning a ground-mounted solar PV project in Finland or Bulgaria and want to assess your chances under the Renewable Energy Financing Mechanism, our experts are happy to help! Our Miguel Lopes and Mit Surati have successfully secured funding for our customers in the previous round. This is a perfect time to start to make a competitive funding proposal for the September deadline.
Info day in April
To support applicants, CINEA (European Climate, Infrastructure and Environment Executive Agency) will organise a virtual info day on 17 April. The session will cover call conditions for each host country as well as evaluation criteria and practical aspects of the application process. Participants will also can ask questions during a dedicated Q&A session. Click here to registration.
Miguel Lopes
Senior Consultant, Energy team
miguel.lopes@spinverse.com
Mit Surati
Project Manager, Energy team
mit.surati@spinverse.com
Janne Kaukojärvi
Senior Sales Manager, Business Development, M.Sc. (Eng.)
janne.kaukojarvi@spinverse.com
+358 50 528 6197