This is an HTML version of an attachment to the Freedom of Information request 'Access to documents - DG ECFIN - Recovery and resilience plans'.




 
       
EUROPEAN COMMISSION 
DIRECTORATE GENERAL 
ECONOMIC AND FINANCIAL AFFAIRS 
 
  The Director-General 
Brussels  
ECFIN.DDG2.03/GCC 
 
 
SolarPower Europe 
Leading the Energy Transition 
 
 
 
Dear Ms 
 
I thank you for your e-mail of 11 June 2020 addressed to Commissioner Gentiloni and 
the joint letter from the RE-Source platform on the corporate sourcing of renewable 
energy attached thereto. I am replying on behalf of Commissioner Gentiloni and 
Commissioner Simson. 
To achieve our European renewable targets for 2030, corporate sourcing of renewables, 
and in particular corporate renewable power purchase agreements, will be an important 
driver for cost-competitive renewables deployment in the next decade. The Commission 
is currently analysing the National Energy and Climate Plans to assess if they address the 
removal of administrative and financial barriers in all EU Member States.  
The reinforced EU budget and the new recovery instrument NextGenerationEU proposed 
by the Commission on 27 May 2020 will support the recovery of the European economy, 
while also contributing significantly to the European Green Deal objectives. Targeted 
support to investments in renewable energy, sustainable energy infrastructure, including 
storage, and key enabling, transformative renewable energy technologies will be 
available for private and public projects through the flagship investment support 
programme InvestEU and its doubled in size Sustainable Infrastructure Window and the 
new Strategic European Investment Window. In this context, the Commission and the 
potential InvestEU implementing partners are currently considering how renewable 
projects underpinned by corporate power purchase agreements, as well as other types of 
renewable energy projects, might be supported under the various financial products. 
You also flag the importance of prioritising investments in the electrification 
infrastructure. Indeed, the InvestEU programme will target not only renewable energy 
generation but also support investments in the modernisation and digitalisation of the 
European sustainable energy infrastructure to facilitate the integration of renewables, as 
well as projects relating to demand-side flexibility and the storage of electricity. 
Furthermore, the new Strategic European Investment Window will support renewable 
energy technology innovations strategically important for the Union’s industrial future.  
In addition, funding under the Connecting Europe Facility (CEF) for Energy is of 
paramount relevance in the development of projects of common interest (PCI), as 
identified under the TEN-E Regulation. 
 
 
Commission européenne/Europese Commissie, 1049 Bruxelles/Brussel, BELGIQUE/BELGIË - Tel. +32 22991111 
 


 
CEF Energy funding is the only programme, which directly supports the implementation 
of the trans-European energy networks as the last resort option for commercially non-
viable PCIs for which no market-based financing is possible. CEF Energy has 
increasingly focussed on the accelerated integration of renewable energy in line with the 
ambitious energy and climate targets. The priority of CEF funding is on electricity 
interconnections, storage, and smart grids. CEF Energy will also include a new window 
for cross-border renewable energy projects under the new Multiannual Financial 
Framework.  
Furthermore, under the new Recovery and Resilience Initiative Member States will be 
able to benefit from the grants and loans to support clean energy investment needs 
identified in their National Climate and Energy Plans.  
A large part of the new Multiannual Financial Framework programmes supporting these 
investments will be front-loaded in order to help the European economy, including the 
clean energy sector to rebound and emerge rapidly from the crisis.  
I hope you will find these explanations reassuring. Should you wish to discuss any of 
these aspects, please liaise directly with the relevant DG ECFIN teams for InvestEU and 
the new Recovery and Resilience Facility or DG ENER for the regulatory aspects of 
renewable energy and CEF Energy. 
Yours sincerely, 
(e-signed) 
Maarten Verwey 

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