New regional partnership aims to turn renewable energy ambitions into action, strengthen cooperation and unlock investment, supporting a target of 1 TW of installed renewable energy capacity across the Mediterranean by 2030.
Antalya, Türkiye | 10 November 2026. The Mediterranean has enormous potential to become a major hub for renewable energy. Harnessing it, however, requires more than ambitious targets: it calls for stronger regional cooperation, better planning, technical expertise and investment in projects that can make the energy transition happen.
Against this backdrop, the Union for the Mediterranean (UfM) and the TeraMed Initiative today announced a new partnership to help accelerate renewable energy deployment and strengthen energy cooperation across the region. The announcement was made at a high-level event at the Mediterranean Pavilion in COP31 in Antalya, bringing together regional and international stakeholders committed to advancing the Mediterranean’s clean energy transition.
Turning regional ambition into concrete action
TeraMed is a regional initiative that aims to accelerate the development of renewable energy across the Mediterranean, with the ambition of reaching 1 terawatt (TW) of installed renewable energy capacity by 2030. Its approach recognises that achieving this scale of transformation requires countries and stakeholders to work together: aligning policies, improving energy-system planning, developing viable projects and mobilising the finance needed to bring them to life.
By joining forces, the UfM and TeraMed will connect the UfM’s intergovernmental platform and regional policy dialogue with TeraMed’s focus on accelerating renewable energy deployment. Their collaboration will concentrate on three complementary areas:
- Stakeholder engagement and policy exchange: Facilitating dialogue and knowledge-sharing among UfM Member States, policymakers, technical experts, research institutions, civil society and private-sector stakeholders to support the implementation of shared regional energy priorities through the UfM Regional Platform on Energy and its three working groups.
- Energy-system modelling and technical analysis: Advancing research and analytical work, such as tracking and monitoring energy transition in the Mediterranean region, in line with the UfM Ministerial Declaration on Energy, adopted in 2021. This will help inform decisions on renewable energy deployment, electricity-market integration, cross-border interconnections and system flexibility.
- Finance mobilization and private sector engagement: Strengthening coordination among public, private, philanthropic and development finance actors, while exploring opportunities to improve project readiness and connect small and medium-scale projects with potential sources of financing.
The partnership reflects a shared understanding that accelerating the Mediterranean energy transition requires political commitment to go hand in hand with technical expertise, investment and sustained cooperation across the region. It will also seek synergies and complementarity with other regional initiatives, including the European Union’s T-MED initiative.
A Memorandum of Understanding (MoU) between the UfM and the TeraMed Initiative will provide the framework for the collaboration. It is expected to be finalised and signed by both parties, paving the way for implementation in 2027.
The partnership reflects a shared understanding that accelerating the Mediterranean energy transition requires political commitment to go hand in hand with technical expertise, investment and sustained cooperation across the region. It will also seek synergies and complementarity with other regional initiatives, including the European Union’s T-MED initiative.
“The Union for the Mediterranean highly values cooperation with regional partners and stakeholders as a cornerstone of advancing the clean energy transition and decarbonization agenda across the Mediterranean. TeraMed represents an ambitious and promising initiative that can make a meaningful contribution to this shared objective. Working in support of the T-MED initiative and alongside other regional efforts, TeraMed demonstrates the importance of collective action in accelerating renewable energy deployment and enhancing energy interconnectivity. As an organization serving the interests of its 43 Member States, the UfM remains committed to supporting and promoting initiatives that foster sustainable energy development and place the Euro-Mediterranean region on a credible pathway towards achieving net-zero emissions”, said Joan Borrell, Deputy Secretary General for Stability and Resilience, Union for the Mediterranean.
“Complementing the UfM’s regional leadership and energy platform, the TeraMed Initiative unites essential perspectives and momentum from across philanthropy, think-tanks, civil society and renewable energy business groups. Together, UfM and TeraMed aim to accelerate an integrated Mediterranean energy transition based on largescale renewable deployment, cross-border grid interconnections, and sustainable green industrialisation. Deploying the Mediterranean’s first TeraWatt in renewable energy is a key opportunity for investment, economic development and enhanced prosperity in the region” said Dr. Jauad El Kharraz, Senior Advisor, TeraMed.
About the UfM: the UfM is an intergovernmental organization bringing together countries from across the Mediterranean to promote regional dialogue, cooperation and integration. It supports joint action on shared regional priorities, including sustainable development and energy transition, notably through its Regional Platform on Energy.
About TeraMed: TeraMed is a Mediterranean initiative bringing together non-state actors, including think tanks, environmental NGOs, private-sector associations and philanthropic organizations, to accelerate renewable energy deployment across the region, with the ambition of reaching 1 terawatt (TW) of installed renewable energy capacity by 2030. It works to translate shared ambition into implementation through policy alignment, regional cooperation, inclusive finance and just transition approaches, supporting a secure, clean and integrated Mediterranean energy system.