Financing the energy transition in the Mediterranean region

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In the past few years, a shift in the EU’s energy diplomacy from East to South, driven by geopolitical developments, has played a decisive role toward a more  Mediterranean-focused EU external strategy. At the same time, Southern and Eastern Mediterranean countries are increasingly interested in the opportunities offered by renewable energy and green growth and are thus engaging more actively in energy transition-related policies and strategies.

As of 2025, the Mediterranean hosts approximately 350 GW of renewable capacity, with an additional 530 GW of renewable capacity expected to come online by 2030. The region’s vast solar and wind potential indeed provides an opportunity to develop an integrated roadmap that accelerates the energy transition and establishes the Mediterranean as a potential hub for renewables.

Bridging the gap between current trends and regional and global targets, however, will require overcoming persistent political, technical and financial barriers that limit renewable deployment and investment flows, particularly on the Southern and Eastern shores.

Source: Wikipedia