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Agrifood and Retail SMEs – Renewable Energy Communities

Apply before: February 20, 2025

The Agrifood and Retail SMEs Renewable Energy Communities Program (SMP-COSME-2024-REC) supports agrifood and retail SMEs in forming Renewable Energy Communities (RECs) to reduce energy costs and promote sustainable energy practices. These energy communities allow SMEs, citizens, and local authorities to collaborate and invest in renewable energy projects. The initiative encourages community-driven energy transition, contributing to the EU’s goal of decarbonization by 2050.

Eligibility

The eligibility criteria for the Agrifood and Retail SMEs – Renewable Energy Communities are:

  • SMEs must be in the agrifood or retail sectors.
  • Participation in RECs must be open and voluntary.
  • RECs must have citizens, local authorities, or smaller businesses as effective controllers.
  • Entities must prioritize social, economic, or environmental community benefits over profits.
  • RECs can engage in renewable energy activities like generation, supply, or energy sharing.
  • The eligible countries for the Agrifood and Retail SMEs Renewable Energy Communities Program include:
    1. All European Union (EU) Member States
    2. Overseas Countries and Territories (OCTs) associated with the EU.

How can AI benefit startups?

Benefits

The benefits of the Renewable Energy Communities are:

  • Reduced energy costs for SMEs through renewable energy communities.
  • Support for decarbonization and energy sustainability in the EU.
  • Flexible access to energy markets and renewable energy solutions.
  • Improved collaboration among SMEs, local authorities, and citizens.
  • Broad participation options through cooperative, non-profit, or SME-led models.

Application Process

Click here to apply.

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Theme : Grant
Applicant Country :
For more information : European Commission

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