The European Commission’s 4th Call for Cross-Border Renewable Energy (CB RES) projects is highly relevant to Germany’s energy strategy. This initiative encourages collaborative renewable energy projects between EU Member States, aiming to enhance energy security, integrate renewable sources, and achieve decarbonization targets.
More recently, in November 2024, the European Climate, Infrastructure and Environment Executive Agency (CINEA) signed grant agreements worth over €67 million for CB RES projects, including those involving Germany. These projects aim to bolster the implementation of selected cross-border renewable energy initiatives, underscoring Germany’s commitment to such collaborations.
Germany’s Involvement in CB RES Projects:
Germany is actively engaged in cross-border renewable energy projects. Notably, it has partnered with Denmark on the Bornholm Energy Island project, a significant offshore wind energy hub in the Baltic Sea. This collaboration exemplifies the type of initiatives supported under the CB RES framework.
Benefits for Germany:
- Enhanced Energy Security: Participating in CB RES projects allows Germany to diversify its energy sources and strengthen grid stability through cross-border connections.
- Accelerated Renewable Integration: Collaborative projects facilitate the integration of renewable energy into Germany’s grid, aiding in the transition away from fossil fuels.
- Economic Advantages: Engaging in these projects can lead to cost savings and economic benefits, as demonstrated by the cost-benefit analyses required for CB RES status.
How to apply:
To be eligible for financial support under the Connecting Europe Facility (CEF) Programme, projects must obtain official CB RES status. This status offers benefits such as increased visibility and investor confidence. The current call invites project promoters to apply for CB RES status by submitting applications through the designated platform by 7 January 2025.
How Cyprus can be relevant to sustainable projects:
The 4th Call for CB RES projects presents Germany with opportunities to advance its renewable energy objectives through cross-border cooperation, aligning with the EU’s broader decarbonization goals. Cyprus offers not just 360 days of pure sunshine and a fertile ground for the creation and expansion of sustainable energy projects (solar in particular). It boasts a stable legal and tax system, a 3B+ (by Fitch and S&P) positive economic outlook, and a commitment by the government to license, connect in reasonable time and allow the smooth alternative energy flow.