EXERGIA is supporting the European Investment Bank (EIB) in assessing investments under the Modernisation Fund, the EU programme that helps 13 lower-income Member States modernise their energy systems and move towards climate neutrality. Having been selected in the context of the EIB’s PJ / Energy Framework Agreement for Consultancy Services, under the consortium led by VM Europe, EXERGIA is delivering the assignment and has successfully completed the first assessment round in September 2026.
The Modernisation Fund is financed through the EU Emissions Trading System, and the beneficiary Member States select and submit the investments to be supported. The EIB’s role is to assess these proposals independently, working in close cooperation with the European Commission. EXERGIA provides technical assistance to this end, ranging from cost verification and benchmarking of the proposed investments, to full financial and technical due diligence, including verification of GHG emission reductions.
The assignment continues through 2027, with further assessment rounds ahead, and EXERGIA looks forward to continuing to support the EIB in channelling Modernisation Fund resources towards the energy transition of the beneficiary Member States.
