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Clean energy for EU islands

Financing Corner

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



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.

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.

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.

European Committee of the Regions

You can now receive a personalized newsletter from the European Committee of the Regions which includes a funding alert. Please subscribe to the newsletter here

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!