CHAPTER IGENERAL PROVISIONS

Article 1Subject matterThis Regulation sets out provisions necessary for the implementation and functioning of the Union renewable energy financing mechanism (the "mechanism").

Article 2Objectives1.The mechanism supports renewable energy deployment across the Union.2.To that end, the mechanism shall fulfil the following two functions:(a)provide support for new renewable energy projects in the Union with the aim of covering a gap in the indicative Union trajectory pursuant to Article 33 (1) of Regulation (EU) 2018/1999 (the "gap filling function");(b)contribute to the enabling framework pursuant to Article 33(2) of Regulation (EU) 2018/1999 thereby supporting renewable energy deployment across the Union irrespective of a gap to the indicative Union trajectory (the "enabling function").3.Unless otherwise provided for in this Regulation, the mechanism shall allocate its resources to support renewable energy deployment across the Union in accordance with the rules set out in this Regulation without distinction between the two functions referred to in paragraph 2 of this Article.

Article 3DefinitionsFor the purposes of this Regulation, the following definitions apply:(1)"mechanism" means the Union renewable energy financing mechanism referred to in Article 33 of Regulation (EU) 2018/1999;(2)"functions of the mechanism" means both the gap filling function and the enabling function of the Union renewable energy financing mechanism;(3)"contributing Member State" means a Member State that makes a direct payment into the mechanism pursuant to Article 33(1) or (2) of Regulation (EU) 2018/1999;(4)"host Member State" means a Member State that allows physical installations for the production of renewable energy financed by the mechanism to be installed on its territory;(5)"participating Member States" means both contributing Member States and host Member States;(6)"project promoter" means person or entity which develops a renewable energy project;(7)"Union funds" means any form of Union financial support, including Union investment support instruments and funds or programmes providing for financial instruments, whether or not it is part of the budget of the European Union;(8)"voluntary financial payment" means a payment made by Member States to the gap filling function in accordance with Article 33(1) of Regulation (EU) 2018/1999;(9)"additional payments" means payments made directly by Member States to the enabling function in accordance with point (a) of Article 33(2) of Regulation (EU) 2018/1999;(10)"payment" means both additional payment and voluntary financial payment;(11)"coordination" means coordination between the financing mechanism and any other Union or national funding instrument in accordance with Article 24;(12)"blending operation" means operation supported by the Union budget combining either non-repayable and repayable forms of support or repayable forms of support from the Union budget with repayable forms of support from development or other public finance institutions, as well as from commercial finance institutions and investors;(13)"ceiling price" means the maximum price per kWh or kW that can be awarded within a specific call and above which applications are excluded from the grant award procedure;(14)"energy from renewable sources" or "renewable energy" has the same meaning attributed to by Article 2(1) of Directive (EU) 2018/2001;(15)"additional unit" means a defined amount of generating capacity (kW) or energy generated (kWh) in accordance with Article 7 of Directive (EU) 2018/2001 that can be attributed to the sole implementation of support provided by the mechanism;(16)"pay-as-bid" means a grant award procedure where applicants are awarded grant support corresponding to the price per additional unit offered in their application;(17)"pay-as-clear" means a grant award procedure where applicants are awarded grant support corresponding to the price per additional unit determined at the point of clearing of the award procedure;(18)"floating premium" means an operating support in the form of a premium per kWh calculated as the difference between an average wholesale price in the price zone where the installation is located and the price determined by the grant award procedure;(19)"fixed premium" means an operating support in the form of a premium per kWh additional to the market price, the amount of which is determined by the grant award procedure;(20)"investment support" means payments by the mechanism relating to the installation of capacity for additional units per kW;(21)"operating support" means contributions by the mechanism which relate to the continuous operation of an undertaking and which are disbursed per additional unit of kWh generated.

Article 4Sources of funding1.Pursuant to Article 33 of Regulation (EU) 2018/1999, the actions under the mechanism may be financed from payments by Member States, Union funds, or private sector contributions.2.The mechanism may receive voluntary payments from Member States pursuant to Article 32(3)(d) of Regulation (EU) 2018/1999 or additional payments by Member States pursuant to Article 33(2)(a) of Regulation (EU) 2018/1999.3.The mechanism may receive budget contributions from other Union programmes in accordance with the applicable basic acts. Where these applicable basic acts so provide, these contributions shall be used in accordance with the provisions of this Regulation, notably in order to contribute to the enabling framework pursuant to Article 3(5) of Directive (EU) 2018/2001. The Commission shall decide for which calls these contributions are used.4.The mechanism may receive private sector contributions from any private entity, whether a natural or a legal person. Before making its contribution to the mechanism, the private entity may indicate a preference for the call for proposals to which its payment is intended, or a type of technology or end-use that it is willing to support, without distorting market competition, and may request to receive the guarantees of origin that could be issued for the renewable energy production. The Commission may take that preference into account, which is not binding on the Commission. Within three months from receiving information on the final elements of the call for proposals, the private entity shall make its contribution to the mechanism.

Article 5Implementation and forms of funding1.The mechanism shall be implemented in direct management in accordance with the Financial Regulation or in indirect management with bodies referred to in Article 62(1)(c) of the Financial Regulation.2.In line with Article 33 of Regulation (EU) 2018/1999, the mechanism shall fulfil the objectives set out in Article 2 by providing funding in any of the forms laid down in Regulation (EU, Euratom) 2018/1046, including grants. It may also provide financing in the form of financial instruments within blending operations.3.The mechanism may fulfil its objectives set out in Article 2 also by allocating the financial support in coordination with other instruments and Union programmes as provided for under Chapter III.

Article 6Contribution of the mechanism to the enabling framework1.The mechanism shall contribute to the enabling framework pursuant to Article 33(2) of Regulation (EU) 2018/1999, inter alia for the purpose of reducing the cost of capital for renewable energy projects and enhancing regional cooperation between Member States and between Member States and third countries. To this end:(a)the Commission may allocate Union funds received according to Article 4(3);(b)the support allocated by the mechanism may be coordinated with funding from other national or Union programmes and/or instruments according to the provisions of this Regulation.2.When the mechanism provides support as part of the contribution to the enabling framework, the principles of the grant award procedure pursuant to Article 15(4) and any other relevant provisions of this Regulation shall be applied accordingly.

CHAPTER IINON-REPAYABLE SUPPORT IN THE FORM OF GRANTSSECTION IExpression of interest by Member States and grant award procedure

Article 7Expression of interest by Member States1.Every year, the Commission shall call on Member States to express their interest in participating as contributing and/or host Member State in grant award procedures organised by the mechanism and shall share with the Member States an indicative calendar covering the procedural steps from the expression of interest to the calls for proposal, as well as an indication of when the Commission intends to organise the next call for expression of interest.2.Member States interested in participating as host Member State, and, where relevant, third countries in line with the requirements of Article 11 of Directive (EU) 2018/2001, shall provide the Commission at least with the following information:(a)maximum total capacity or renewable energy generated on the host Member State’s territory available to projects supported by the mechanism, including per technology and year, where applicable;(b)preferred technologies or end-use sectors;(c)maximum capacity or renewable energy generated by projects, per technology, where applicable;(d)any site or geographical restrictions, where applicable;(e)the requested minimum share of statistical benefits to be distributed to a host Member State in accodance with Article 27, per technology where applicable, including an estimation of the system integration cost;(f)indication per technology of the national regulatory regime applicable to project promoters with respect to distribution of grid costs;(g)any other preferences or restrictions, including environmental criteria, supported by an explanation.3.Member States interested in participating as contributing Member State shall provide the Commission at least with the following information:(a)volumes of renewable energy generated, expressed in terms of kWh, that they intend to support through the mechanism and to benefit from in terms of statistical allocation;(b)an indicative maximum budget per kWh/kW that they are available to disburse for their statistical benefit;(c)maximum intended financial contribution in EUR to the financing mechanism per grant award procedure;(d)preference for technology-neutral, multi-technology, technology-specific, project-specific or end-use specefic grant award procedures, in accodance with the criteria laid down in Article 4(5) of Directive (EU) 2018/2001;(e)the requested minimum share of statistical benefits to be distributed to them in accordance with Article 27, per technology if applicable;(f)other preferences relevant to their financial contribution, including environmental criteria.4.Without prejudice to Regulation (EC) 1049/2001 of the European Parliament and of the CouncilRegulation (EC) No 1049/2001 of the European Parliament and of the Council of 30 May 2001 regarding public access to European Parliament, Council and Commission documents (OJ L 145, 31.5.2001, p. 43)., the Commission shall not make public any of the information provided by a Member State as part of the expression of interest, except where expressly authorised by the Member State concerned.5.The Commission shall take into account the information provided by the host and contributing Member States under this Article in view of designing the calls for proposals and in particular:(a)the objectives of the call;(b)the form of grants (investment or operating support);(c)the renewable energy generated during the support period or the capacity (kWh or kW) on which the award will be based;(d)the eligible technologies;(e)the ceiling price;(f)the site, geographical and regulatory restrictions and the environmental criteria;(g)the realisation period of the projects;(h)the distribution of statistical benefits between contributing and host Member States;(i)the award criteria for the financial support.6.The Commission shall calculate the ceiling price referred to in paragraph 5 of this Article on the basis of, inter alia, the information provided by Member States during the expression of interest, relevant comparators such as results of past calls, cost studies, as well as results from modelling exercises where appropriate. The calculation will take into account the levelised cost of energy of the renewable energy technology, adjusted on a regular basis.7.The Commission shall communicate to the Member States its intention to launch a call for proposals and the envisaged elements referred to in the previous two paragraphs before the launching of the call.8.Member States may express views on the information notified by the Commission pursuant to the previous paragraph. Following review of these comments against the objectives of the mechanism, the Commission shall communicate to the Member States the final elements referred to in paragraphs 5 and 6.

Article 8Binding commitments by host Member States1.Host Member States shall confirm to the Commission their irrevocable and unconditional commitment to participate in the mechanism in view of allowing installations located on their territory to receive support under the mechanism in line with the national regulatory regime within three months from receiving the information referred to in Article 7(8). That committment shall be binding.2.As regards the requirements that must be fulfilled by projects in their territory in order to receive support under the mechanism, host Member States shall provide the following information:(a)maximum capacity on the host Member States’ territory available to projects supported by the mechanism, including per technology and year, where applicable);(b)maximum renewable energy generated by the projects and site restrictions, where applicable;(c)the national regime applicable to project promoters with respect to supported grid costs;(d)other relevant elements.3.The Commission shall take into account the information received pursuant to paragraph 2 of this Article when designing the grant award procedure.4.The host Member State confirming its commitment shall provide the Commission with the necessary administrative assistance for the implementation of the mechanism, in particular for the purposes of reporting the quantity of energy from renewable sources produced by projects receiving non-repayable support from the mechanism, located in the host Member State.5.The provisions of this Article apply to third countries participating in the mechanism and hosting projects accordingly.

Article 9Communication of ceiling prices by the CommissionBased on the binding commitments of host Member States and using the approach referred to in Article 7(6), the Commission shall determine and communicate to participating Member States a ceiling price and maximum budget available in EUR for each call for proposal, as well as indication on the options for the Member State in case the result of the call for proposals is below the ceiling price.

Article 10Binding commitments by contributing Member StatesContributing Member States shall confirm to the Commission their irrevocable and unconditional commitment to provide payments to the mechanism in relation to one or several call or calls for proposals within three months from receiving the communication of the ceiling prices referred to in Article 9. The commitment by the contributing Member State shall be binding and shall, at least, cover the following elements in relation to the contributions made to the mechanism:(a)the volume of the financial contribution by the Member State (EUR) per grant award procedure, or the renewable energy generation that the Member State will support and benefit from in terms of statistical allocation, expressed in kW or kWh, according to the final ceiling price, combined with a maximum budget available in EUR;(b)the timing of the payments;(c)an indication whether the payment is made pursuant to paragraph (1) or (2) of Article 33 of Regulation (EU) 2018/1999;(d)the distribution of statistical benefits between contributing and host Member States.

Article 11Call for proposals1.On the basis of the binding commitments by host Member States and, where relevant, third countries, and the binding commitments by contributing Member States, the Commission shall launch the call or calls for proposals in due time. The Commission may launch several calls at the same time, or conduct several grant award procedures under the same call. The Commission may also decide not to launch a call for proposals where the interest expressed by contributing Member States and/or host Member States results in volumes which are too low to successfully implement a call or where the related transaction costs would be excessive, which shall be assessed for each particular call for proposals.2.The call for proposals shall be published after the payments by Member States are transferred to the Union budget.

Article 12Evaluation procedure1.Following verification of the eligibility criteria, the Commission shall evaluate the submitted proposals in accordance with the procedure set out in Article 200 of Regulation (EU, Euratom) 2018/1046.2.Awards are granted first to the application offering the lowest price and thereafter in the order of the lowest to the highest price, except where other award criteria are applied pursuant to Article 21.

Article 13Failure of the grant award procedureWhere, following payment by a contributing Member State into the mechanism, the award procedure is not concluded, among other things, as a result of no suitable applicants responding to the call for proposals, the Commission shall offer the contributing Member State the opportunity to either recover the amount it contributed or to keep the contribution in the mechanism to be used in a new call for proposals, for which the Member State will have to confirm its commitment pursuant to Article 10.

Article 14Failure by the project promoter to implement the project1.Where the project promoter fails to deliver in accordance with the call for proposals and with the relevant grant agreement, the relevant provisions governing suspension, termination and reduction in Regulation (EU, Euratom) 2018/1046 shall apply.2.Where pursuant to paragraph 1, the project does not deliver the expected generation capacity or the volume of renewable energy generated, statistical benefits to Member States shall be attributed on the basis of the actual capacity provided or renewable energy generated. In that event, the participating Member States shall be deemed to have taken additional measures in accordance with Article 32(3) of Regulation (EU) 2018/1999 for an amount of energy calculated by the Commission on the basis of the expected generation capacity, the financial contribution paid by the Member State, and the ceiling prices applicable to the tender in which the Member State committed to participate, for the period during which the project would have given rise to statistical benefits as per the first sentence of Article 27(2).

SECTION IIDesign of the grant award procedure

Article 15Principles of the grant award procedure1.Grants shall be allocated by means of calls for proposals and a subsequent grant award procedure.2.Where a Member State contributes to the mechanism by making a voluntary financial payment pursuant to Article 32(3) of Regulation (EU) 2018/1999, such contribution may only be allocated to projects selected in the context of an award procedure having lowest price as the sole award criterion.3.Where a Member State contributes to the mechanism by making an additional payment in accordance with Article 33(2) of Regulation (EU) 2018/1999, such contribution may be allocated to joint projects, joint projects with third countries, joint support schemes, small-scale or innovative technology projects, projects in outermost regions and isolated or small islands, developing projects for integrating renewable sources into the energy system or other projects that contribute to the enabling framework pursuant to Article 3(5) of Directive (EU) 2018/2001.4.The design of the award procedure shall comply with the following principles:(a)ensure a competitive process among grant applications to achieve cost-effective renewable energy deployment;(b)mitigate financial risk for applicants in the different grant award procedures;(c)limit transaction costs for applicants and the contributing Member States.

Article 16Scope of the grant award procedure1.The allocation of support in the form of grants shall be carried out through grant award procedures which may be of different scope, in line with the criteria laid down in Article 4(5) of Directive (EU) 2018/2001, as follows:(a)assessing the feasibility of technology-neutral grant award procedures, in which all technologies pursuant to Directive (EU) 2018/2001 shall be eligible;(b)alternatively, consider the use of multi-technology grant award procedures, in which only specific technologies pursuant to Directive (EU) 2018/2001 shall be eligible to compete against each other;(c)technology-specific grant award procedures, in which one specific technology defined in Directive (EU) 2018/2001 shall be eligible;(d)project-specific grant award procedures, in which project developers compete to develop a pre-identified project, which may include restrictions to a specific technology and/or to a specific site pre-identified by the host Member State;(e)end-use specific grant award procedures, in which only projects aimed at a specific end-use, such as heating and cooling or transport, shall be eligible.2.The Commission shall decide on the scope of the grant award procedure, taking into account the preferences expressed by the contributing and host Member States, the renewable energy market development in the Union and other relevant circumstances.3.The grant award procedures referred to in paragraph 1 of this Article may be open to renewable energy projects across the electricity, heating and cooling and transport sectors in order to explore the cost-effective potential and to foster convergence and cooperation.

Article 17Form and allocation of grants1.The mechanism shall allocate grants for:(a)investment support granted to increase the capacity for renewable energy production;(b)operating support granted to incentivise the operation of renewable energy installations by providing premiums in addition to market revenues, both fixed and floating.2.The Commission shall decide on the form of support for the awarded projects, taking into account the preferences expressed by the contributing and host Member States, the renewable energy market development in the Union and other relevant circumstances.

Article 18Investment supportWhere the mechanism provides investment support, the form of support, its disbursement and other specific rules will be set out in the relevant call or calls for proposals.

Article 19Operating supportWhere the mechanism provides operational support, it may take the form of a fixed premium or a floating premium. Its disbursement and other specific rules will be set out in the relevant call or calls for proposals.

Article 20Eligibility and selection criteriaThe eligibility criteria and selection criteria shall be established in the call for proposals with due regard to the objectives of the action and in accordance with Article 197 and 198 of Regulation (EU, Euratom) 2018/1046.

Article 21Award criteria1.The award criteria for the proposals shall be established in the call for proposals and shall comply with Article 15(2) as regards the gap-filling function and with Article 3(5) of Directive (EU) 2018/2001 as regars the enabling function.2.As regards the enabling function, the award criteria for the proposals shall to the extend possible reflect the expressed preferences by Member States, notably on environmental criteria.3.For demonstration projects representing a significant innovation, the call for proposals may establish specific award criteria, in particular with respect to applications in a technology-specific award procedure or a project-specific award procedure.

Article 22Awarded good and volume1.The good and volume that is awarded in the grant award procedure may be defined in terms of installed capacity, in kW or energy production, in kWh. Alternatively, the volume may be defined in terms of budget, in EUR, and production capacity or energy generated may be awarded until the budget is depleted.2.Where the grant award procedure is defined in terms of capacity or renewable energy generated, it shall set out a target volume and the support shall be awarded to projects having the highest grade according to the relevant award criteria until the target volume is reached.3.Where the grant award procedure is defined in terms of budget, it shall set out a maximum amount of budget which is awarded to projects having the highest grade according to the relevant award criteria until that budget is depleted.4.The volumes of the competitive grant award procedure shall be defined in advance of the procedure and shall not be adapted during the implementation of the procedure.

Article 23Implementation periods1.Implementation periods shall be technology-specific and shall reflect realistic project delivery periods for each technology, while at the same time aiming for a significant level of pre-development required from bidders.2.By way of derogation from paragraph 1, in technology-neutral award procedures or multi-technology award procedures, implementation periods may be uniform across technologies in order to select projects and technologies with the lowest delivery times without discriminating certain technologies that require longer implementation periods.3.Implementation periods shall be uniform across Member States, unless the Commission concludes, on the basis of justified exemptions such as to mitigate systematic disadvantages for projects located in a specific country, that country-specific implementation periods are appropriate.

CHAPTER IIICOORDINATION OF SUPPORT

Article 24Combined funding and coordination of support between the financing mechanism and other Union or national instruments1.Projects may be financed through combined funding from the mechanism and from other Union or national, public or private, programmes and/or instruments insofar as those national public mechanisms are in compliance with State Aid legislation, and the same costs are not financed twice by the Union budget.2.For the purposes of paragraph 1:(a)the mechanism may coordinate its work programmes and award procedure, including the schedule and the application process and monitoring, with the work programmes for other Union or national funds;(b)combination of support from the mechanism and from other Union instruments or programmes shall not exceed the total project cost;(c)a project shall not combine funding from the mechanism with funding from support schemes provided by Member States which would finance the same additional units;(d)the sum of repayable and non-repayable support for a given project pursuant to Article 5(2), whether Union or national, and whether public or private, shall not exceed the project’s total cost;(e)repayable support from Union instruments or programmes for a given project shall not be used to pre-finance a grant from the mechanism for the same project;(f)a grant from the mechanism for a given project shall not be used to reimburse repayable support from Union instruments or programmes for the same project.

CHAPTER IVPAYMENTS BY MEMBER STATES TO THE MECHANISM AND ALLOCATION OF STATISTICAL BENEFITS

Article 25Payments by contributing Member StatesOn the basis of the binding commitment of the contributing Member States pursuant to Article 10, the Commission shall issue debit notes to the contributing Member State. The Member State shall transfer the payment to the account indicated by the debit note within the time limit indicated therein.

Article 26Allocation of statistical benefits to Member States1.The renewable energy generated by projects receiving support from grants financed exclusively by Member States payments through the mechanism shall give rise to the allocation of statistical benefits to participating Member States, in line with Article 7 of Directive (EU) 2018/2001, and in accordance with the terms laid down in the call for proposals.2.The renewable energy generated by projects receiving support from grants financed through the mechanism exclusively with funds arising from Union funds or private contributions shall not be statistically allocated to individual Member States, but shall count towards the Union binding target pursuant to Article 3(1) of Directive (EU) 2018/2001.3.Host Member States shall receive a share of the statistical benefits from renewable energy generated by projects that are located on their territory and receive support from grants financed by other sources than Member State contributions under the enabling function of the mechanism. The distribution of the statistical benefits to the host Member State shall be defined in accordance with Article 27.4.Union funds or private contributions resulting in generated energy that counts towards the Union binding target pursuant to Article 3(1) of Directive (EU) 2018/2001 shall be accounted separately from the collective contribution by the Member States.5.The renewable energy generated by projects receiving support through grants by the mechanism financed with funds arising from Member States payments, on the one hand, and Union funds or private contributions, on the other hand, shall generate statistical benefits for the contributing Member States up to the proportion financed by Member States’ payments and in the terms laid down in the call for proposals as regards distribution of statistical benefits between contributing and host Member States. As regards the statistical benefits for the host Member States, paragraph 3 shall apply.

Article 27Distribution of statistical benefits between contributing and host Member States1.The renewable energy allocated to contributing Member States and host Member States shall be the renewable energy generated by the installations supported under a specific call for proposals in which the Member States participated.2.The renewable energy generated by installations supported by the mechanism shall generate statistical benefits for contributing Member States for an implementation period defined in the calls for proposals and communicated to Member States according to Article 7(7) and 7(8), calculated on the basis of the expected depreciable or economic lifetime of the technology supported. Following that period, all statistical benefits shall remain with the host Member States.3.Subject to paragraph 2, the renewable energy generated by installations supported by the mechanism shall be statistically allocated pursuant to Directive (EU) 2018/2001 and shall be distributed as follows:(a)80 % to contributing Member States;(b)20 % to host Member States.4.The Commission may propose to deviate from the distribution set out in paragraph 2 of this Article and to allocate the energy to contributing and host Member States within a range going from 50 % to 100 % for the contributing Member State, and from 0 % to 50 % for the host Member State, where the total allocation for both contributing and host Member States amounts to 100 %. The proposed distribution shall be applicable for a given call for proposals and shall be based on the following criteria:(a)the likelihood of the call to attract a balanced interest from contributing Member States and host Member States to ensure effective competition in the call for proposal;(b)the likelihood of the call to result in no or little support being disbursed by the mechanism;(c)the potential costs, including system integration costs, which the host Member States may incur.5.The Commission shall inform the Member States on the allocation which it intends to include in the call for proposals according to Article 7(7) and Article 7(8).6.In case of renewable energy generated by installation supported by the mechanism which are located in third countries participating in the mechanism, 100 % of the statistical benefits shall be distributed to the contributing Member States, in line with Article 11 of Directive (EU) 2018/2001.

Article 28Reporting of energy production and calculation of statistical benefits by the Commission1.The host Member States and the third countries participating in the mechanism and hosting projects shall report to the Commission the available data on the energy production in a particular year from projects financed by the mechanism twice – by 1 January and by 1 July of the year following the year of production.2.The actual statistical benefits to be allocated to the participating Member States shall be calculated yearly by the Commission and communicated to the participating Member States by 1 October of the year following the year of production and shall be reported by the participating Member States in accordance with the provisions of Directive (EU) 2018/2001. The total statistical benefits attributed shall correspond to the actual generated energy, in line with data and market values communicated by the Member States.

CHAPTER VFINAL PROVISIONS

Article 29Evaluation1.The Commission shall carry out an evaluation on the operation of the mechanism as part of the review pursuant to Article 45 of Regulation (EU) 2018/1999.2.The evaluation shall focus on the assessment of synergies between the mechanism and other relevant Union programmes, on the effectiveness of the mechanism in contributing to the objectives set out in Article 3(5) of Directive (EU) 2018/2001, in point (d) of Article 32(3), in Article 32(4) and in Article 33 of Regulation (EU) 2018/1999, on the effectiveness of providing repayable forms of support from the mechanism to projects, and on the effectiveness of combining repayable forms of support with non-repayable forms of support through blending operations under the Union investment support instrument.3.On the basis of the results of the evaluations referred to in paragraph 1, the Commission shall, where appropriate, make proposals to ensure that the mechanism progresses towards the achievement of the objectives referred to in paragraph 2.4.The Commission shall submit the results of the evaluations carried out pursuant to paragraphs 1 and 2 to the Energy Union Committee and shall make them publicly available.

Article 30Reporting1.By 31 October of every year, the Commission shall submit to the Energy Union Committee a report on the operation of the mechanism, its contribution to the Union’s binding target for renewable energy in 2030 and to the objectives of the European Green Deal. The report shall be made public.2.By 31 October of every year, the Commission shall report to the Energy Union Committee and to the European Parliament on the use of the external assigned revenues from Member States and of the Union funds received by the mechanism, the amount of support that was allocated in the previous year and the remaining uncommitted funds in the mechanism.

Article 31This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 15 September 2020.For the CommissionThe PresidentUrsula von der Leyen

Commission Implementing Regulation (EU) 2020/1294 of 15 September 2020 on the Union renewable energy financing mechanism (Text with EEA relevance)