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InvestEU and RePowerEU

Contribution to RePowerEU

In response to the hardships and global energy market disruption caused by Russia's invasion of Ukraine, the European Commission presented the REPowerEU Plan. REPowerEU is a plan for saving energy, producing clean energy and diversifying our energy supplies.

Additional investments of €210 billion are needed between now and 2027 to phase out Russian fossil fuel imports, which are currently costing European taxpayers nearly €100 billion per year. The Recovery and Resilience Facility (RRF) is at the heart of the REPowerEU Plan implementation, providing additional EU funding. Member States should add a REPowerEU chapter to their Recovery and Resilience Plans to channel investments to REPowerEU priorities and make the necessary reforms to support cross-border and national infrastructure as well as energy projects and reforms.

REPowerEU will increase investments in the European economy and clean energy generation by supporting sustainable production of biomethane, production of renewable hydrogen, large-scale solar projects and much more. Here, the InvestEU programme helps accelerating lending, blending and advisory products for renewables, energy efficiency and electricity networks.