Islands Decarbonisation Fund

The Greek government, the European Commission, and the European Investment Bank (EIB) have formalized a partnership in Naxos to launch the Islands Decarbonisation Fund, which will support clean energy initiatives across Greece’s islands. The agreement identifies three key types of projects eligible for funding: renewable energy generation and energy storage—which will receive at least 50% of the total budget—new electricity grid interconnections linking the islands to the mainland, and infrastructure developments such as EV charging stations, shore-side electricity for ships (cold ironing), and water treatment facilities.

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