News

The European Commission and the European Investment Bank have announced today the disbursement of €2.5 billion from the Modernisation Fund to support 51 energy-related projects in 11 EU Member States.

The European Commission welcomes the inauguration of the electricity interconnection inaugurated today between Spain and Portugal. The commissioning of this new electricity interconnection between northern Portugal and Galicia in North-West Spain marks a key energy milestone.

Experts from the Commission, EU countries and stakeholder associations discussed the security of EU gas supply at yesterday’s Gas Coordination Group, taking stock of the current market situation and winter preparedness. 

In the first quarter of 2026, 45.5% of the electricity generated in the EU came from renewable energy sources. This represents an increase from the same quarter of 2025, when the share was 42.7%.

Montreal, 29 June - Today, the European Commission and Canada convened the EU-Canada Energy Security Business Roundtable on the sidelines of the 11th IEA Energy Efficiency Conference in Montreal, reaffirming their commitment to a stronger transatlantic energy partnership.

On 29 June, CINEA launched the 6th call for projects aiming to obtain the Cross-Border Renewable Energy (CB RES) status, the last status call under the current 2021–2027 Multiannual Financial Framework (MFF).

In 2025, according to preliminary data, the supply of natural gas and renewable energy in the EU grew compared with 2024, while the supply of coal and petroleum products decreased.

In a meeting of the Oil Coordination Group held today, the Commission and EU countries discussed the security of oil supply situation in the EU in light of recent reports on ongoing negotiations in the Middle East.

The European Commission has rallied a number of EU energy ministers, storage developers and manufacturers, renewable energy developers, energy-consuming industries and financial institutions around the first-ever EU tripartite agreement on energy storage.