NESOI

NESOI

The European Islands Facility – NESOI, open to a community of 2400 inhabited EU islands, aims to fund 60 successful energy transition projects, mobilizing more than €100m of investment and reducing significantly Co2 and GHG emissions by 2023.

The NESOI European Islands Facility’s  goal is to unlock the potential of EU islands to become the locomotives of European Energy Transition by mobilising more than 100 M€ of investment in sustainable energy projects to an audience of 2.400 inhabited EU islands and give the opportunity to test innovative energy technologies and approaches in a cost-competitive way.  

In short, the NESOI European Island Facility has three key objectives: 

  • Promote investments for energy transition in the islands
  • Facilitate the decentralization of energy systems
  • Contribute to EU policies and the achievement of 2030 targets

The NESOI Facility works in close contact with the Clean Energy for EU Islands Secretariat – created to facilitate the clean energy transition on EU islands from the bottom up; and bringing it one step forward by providing to islands training, technical support, cooperation opportunities and robust funding opportunities to concretely convert Island Sustainable Energy Action Plans into Renewable Energy Sources (RES) plants, building and energy infrastructure retrofitting, energy bills reduction, local job creation and more

To achieve this, NESOI is in the process of  building  a platform able not only to provide first-step funding for islands energy transitions plans, but also a one-stop-shop for islands where to find ideas and effective organisational, technical and financial instruments for the whole value chain of a project.

Expected results 

  • € 100 / mln of investments activated
  • 440 GWh / year primary energy savings
  • 160,000 ktCO2 / year of GHG avoided

APPROACH AND IMPLEMENTATION

 NESOI offers concrete support to the energy transition process, both at European level and in the implementation of interventions on (at least) 60 beneficiary islands.

DIGITAL PLATFORM

Click HERE to explore the NESOI digital platform

ELIGIBILITY TOOL

Try NESOI self-check eligibility tool

Discover more about NESOI

Critical technologies for islands’ energy transition

Critical technologies for islands’ energy transition

Based on the NESOI survey conducted last year, the NESOI partners produced a report outlining the critical technologies for energy transition on islands.