Financing Corner

Welcome to the Clean Energy for EU Islands Secretariat's financing corner! On this page, you can dive into a number of resources to learn about financing clean energy projects of different forms and sizes on islands. Don't miss out on the live examples from a number of EU islands to learn from their experiences directly!


What are you looking to finance?

Energy Transition Strategy /
Decarbonisation Plan
Project Development Project Implementation



NESOI launches open call for islands

The first call from the European Island Facility NESOI offers grants to help local European islands reach their energy transition ambitions is now open. The total EU funding available for the call for proposal is 3,120,000€, with a maximum grant amount per proposal/beneficiary of 60,000 EUR grant. In addition to this, 60,000 EUR worth of Technical Assistance will be provided directly by the NESOI experts team.

The deadline is 18 December 2020. For more information on how to apply, visit the "Open Calls” section on the NESOI website.



EU Green Deal funding

The European Green Deal is a strategy tool for achieving carbon neutrality and fighting climate change in the EU. The aim of the Green Deal is to turn climate challenges into an opportunity, and to support the energy transition all over Europe. 

Organizations working in the field of climate change, environment and energy can follow the Green Deal action plan and adapt their strategies to the Territorial Just Transition Plans, which will be produced by each EU country through the Just Transition Mechanism



Just Transition Platform

The Just Transition Platform aims to assist EU countries and regions to unlock the support available through the Just Transition Mechanism - financial support and technical assistance which will mobilise at least €100 billion over the period 2021-2027 in the most affected regions.

This platform will provide a single access point for support and knowledge related to the just transition including funding opportunities, relevant regulatory updates and sector specific initiatives.



NESOI - EU Islands Facility

NESOI is a Horizon2020 project aiming to financially support the development of 60 clean energy projects on EU islands by 2023. The project finances technical assistance (not project implementation) to local authorities, with up to 60 000 EUR per grant. It further provides capacity-building and fund matching support.

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EU City Facility

The EU Cities Facility aims to build a substantial pipeline of sustainable energy investment projects across cities in the EU, by providing targeted financial, technical, legal and capacity-building support in order to help cities develop credible investment packages and mobilise finance.

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Covenant of Mayors Financing Database

This interactive funding guide gathers information on the funding initiatives managed by the European Union, the Member States and key financial institutions such as the European Investment Bank. Next to these, the guide includes information about support services and innovative financing schemes.

Read more


Financing-related capacity-building

There are many resources and organisations to help island communities to build their skills and capacity for driving their own energy transition. This section contains useful links and resources related to capacity-building.

Read more



Island examples


Financing smart grids & electric
mobility (Madeira, Portugal)



Community wind turbines
(Aero, Denmark)


Roman Klementschitz, Wien

Combining solar PV, storage
& agriculture (Unije, Croatia)



A community-owned off-grid
island (Eigg, UK)

Pixabay (Annika Ruohonen)

Energy efficiency in the South
Aegean Region (Greece)

Has your island financed a
clean energy project? Contact
us to put it on the map!