In context
This call is open to startups, small and medium-sized businesses and large companies, at seed stage, Series A and Series B and growth stage. Coverage is read from the notice itself: France and the European Union.
FIEE is a €100M specialized investment fund by Bpifrance targeting operational companies in renewable energy, circular economy, and environmental sectors across Europe. The fund invests via equity and quasi-equity instruments in energy producers, project developers, and technology suppliers—not project-specific infrastructure vehicles.
About this grant
The Fonds Energie Environnement (FIEE) is a specialised investment fund operated by Bpifrance that invests in companies active in the ecological transition sector, including renewable energies, circular economy and environmental activities. The fund targets renewable energy sub-sectors such as offshore marine renewables, hydropower, solar, methanisation, biomass and wind. Investments are made at the level of operating companies rather than project companies, so infrastructure project vehicles are not eligible. Eligible actors include energy producers, project developers and technology providers. The fund has a target size of 100 million euros and takes minority positions in unlisted, French-anchored companies. Structuring is bespoke and can use equity (actions) and/or quasi-equity such as convertible bonds (obligations convertibles). Unit investment tickets range from 1 to 7 million euros, exceptionally between 0.5 and 10 million euros. The offer is framed as a growth and development capital instrument, supporting productive investment, innovation and R&D, international expansion and external growth operations.
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Eligibility
Target companies must be unlisted and have a French anchor. They must have a minimum annual revenue of 2 million euros and be profitable. Investments are made in operating companies, not in project companies or infrastructure assets. Eligible actors span energy producers, project developers and technology suppliers within the covered sectors.
Key requirements
- ✓Company must operate in renewable energy (solar, wind, hydro, marine, biomass, methanisation) or circular economy/environmental sectors
- ✓Must be an operational company (not project-specific vehicles or infrastructure investments)
- ✓Fund acts as minority investor; investments structured on bespoke basis using equity and/or quasi-equity instruments
Frequently asked questions
- How much funding does Bpifrance offer?
- Specialized Funds – FIEE offers $550K – $11M.
- When is the Specialized Funds – FIEE deadline?
- This is a rolling call with no fixed deadline, so applications are accepted on an ongoing basis.
- Who can apply for Specialized Funds – FIEE?
- Eligibility covers organisations in FR, EU; startup, sme, large-company. See the eligibility criteria above for the full conditions.
Relevant sectors
How this compares
- Compared with 16 similar grants (renewables in France) listed in the last 12 months.
- The same organisation listed 10 other similar grants here in the last 12 months.
Closest open grants
Figures are computed from notices listed on Raise Lens in the same sector and country over the last 12 months.
About this sector
Renewable energy funding covers solar, wind, hydropower, geothermal and bioenergy, from early research to grid-scale deployment. Public money tends to back demonstration, grid connection and access to energy in emerging markets, while procurement notices buy installation, operation and maintenance. Calls often ask for proof of resource assessment, permitting progress and local partners.
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