Financed by revenues from the EU Emissions Trading System (EU ETS), this disbursement brings  total Modernisation Fund support to EUR 20.7 billion for 294 investments since 2021. The Fund supports the modernisation of energy systems in the EU, specifically high impact projects that will reduce greenhouse gas (GHG) emissions in the energy, industry and transport sectors, and improve energy efficiency. These investments help countries meet their climate and energy targets, implement their National Energy and Climate Plans, strengthen industrial competitiveness, and reduce dependence on fossil fuel imports.

This second disbursement in 2025 adds to the EUR 3.66 billion already disbursed in July for 34 investments, bringing the total disbursed in 2025 to EUR 5.46 billion and the total number of investments across all beneficiary Member States to 79.