Delivering the clean energy transition will require €660 billion of investment annually until 2030, rising to €695 billion between 2031 and 2040. Despite the good progress already made, the pace and scale of investments has to increase to ensure Europe’s economy is powered by secure, affordable, and clean energy. 

Against this backdrop, the Commission today adopted a Clean Energy Investment Strategy (COM/2026/116) to help mobilise significant additional private investment for clean energy.  

While public funding plays a vital role as a catalyst, the energy transition will, first and foremost, require the mobilisation of substantially more private capital. By using public financing as a catalyst, we aim to de-risk projects,…