[Solar: EU launches T-MED to support 15GW of renewables across the Mediterranean]

Published: Jun 12, 2026 16:28

Save

The European Union has launched the Trans-Mediterranean Renewable Energy and Clean Tech Cooperation initiative, or T-MED, to support 15GW of new renewable energy capacity across the Mediterranean region by 2035. The initiative is expected to mobilize up to EUR 25 billion in investment, covering renewables, energy efficiency, grid infrastructure, hydrogen and clean technology manufacturing. The European Commission said the Mediterranean region has around 2,300GW of untapped renewable potential, with solar and wind costs 30%-40% lower than in Europe.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

[SMM PV] The Era of Homogeneous Competition in PV Has Come to an End

Jinko Solar stated that the stage of global product homogenization in the PV industry has come to an end. Vice President Qian Jing noted that the model of a single standardized module sweeping the global market no longer exists. In 2026, Jinko Solar has set its module shipment target at 75–85 GW and unveiled its flagship product, the Feihu 5 module, tailored for six major application scenarios, with a mass production efficiency of 25.91%. Furthermore, the enterprise regards AIDC computing-power synergy as the core growth direction for the next three to five years. It has successfully won the bid for the world's largest PV+ESS integration AIDC project in the Middle East and will provide 2 GW of PV modules for this project.

3 hours ago

Module Price-Firming Sentiment Increases Slightly, Polysilicon Prices Temporarily Stable [SMM Silicon-Based PV Morning Briefing]

[SMM Silicon-based PV Morning Meeting Summary: Module Price-holding Sentiment Increases Somewhat, Polysilicon Prices Remain Stable Temporarily] Last week, distributed module prices in China were mostly stable, and enterprises' willingness to hold prices firm increased somewhat, especially among some second-tier companies that had previously seen larger price declines. On the centralized side, projects have increased recently, but prices have started to decline. The lowest ex-factory price for some orders under delivery has fallen to 0.68 Yuan/W, and new order prices have also dipped below 0.7 Yuan/W. Currently, quotes for distributed high-efficiency Topcon modules are: 183 (0.734 Yuan/W), 210R (0.740 Yuan/W), and 210N (0.7425 Yuan/W); for centralized, Topcon 182/183 (0.721 Yuan/W) and 210N (0.741 Yuan/W).

3 hours ago

[SMM PV] Laplace plans to raise 2.201 billion yuan to invest in PV and semiconductor high-end equipment

STAR Market-listed Laplace (688726) announced plans to raise funds not exceeding 2.201 billion yuan, earmarked for the R&D of high-end PV and semiconductor equipment, the second-phase construction of the Wuxi high-end PV equipment base, among other projects. The company’s main business focuses on core process equipment for solar cells (thermal processes, coating, etc.) and is expanding into the field of advanced semiconductor packaging equipment.

3 hours ago