The call for proposals is the first cross-border tender between EU countries. It marks a new stage of cooperation in renewables and fulfils the objectives of the European Green Deal and REPowerEU. The tender will contribute to the rapid early development of large-scale solar PV projects in Finland and will give Luxembourg access to renewables potential beyond its territory.
The tender is organized in the framework of the renewable energy financing mechanism (RENEWFM) and builds on the commitments by Luxembourg and Finland to cooperate under this new instrument.
The call will be open for six months, after which CINEA will evaluate the competing offers and will award the successful project(s) based on the lowest bid price until the budget is used up.
The chosen projects will have to build the installation within 24 months and will generate a minimum amount of renewable electricity in the next years.