Erasmus Mundus GrEnFIn Scholarship 2027 | Master in Green Energy and Finance

Do you want to work on the energy transition? The GrEnFIn Erasmus Mundus Joint Master teaches you how to mix energy markets, climate risk and finance. It is a two-year programme in Italy, Germany and France. Applications for the Erasmus Mundus GrEnFIn Scholarship are open on 14 October 2026. Selected students can receive an Erasmus Mundus scholarship with a monthly allowance of 1400 euros.

The deadline falls at 11:00 in the morning and not at midnight. That detail catches many applicants.

Last updated: 15 October 2026
Official information checked: 15 October 2026

Details About Erasmus GrEnFIn Scholarship 2027

Item	Details
Programme	Greening Energy Market and Finance (GrEnFIn) Erasmus Mundus Joint Master
Universities	Bologna in Italy. LMU Munich in Germany. Paris Dauphine PSL in France
Length	24 months full time with 120 ECTS
Degree	A multiple degree from the three universities
Who can apply	Students from EU and non EU countries
Places	51 for the 2027 to 2028 year
Monthly allowance	1400 euros for scholarship holders
Applications opened	14 October 2026
Deadline	7 January 2027
Results	26 February 2027
Programme starts	September 2027

What the GrEnFIn Programme Is

GrEnFIn trains Sustainable Energy Experts. These are professionals who can handle the challenges of the energy transition. You learn to develop clean energy technology and manage climate risk. You also learn to price carbon and design financial tools for a low carbon economy.

The programme mixes engineering, climate science, economics and business. You study in three countries and finish with a joint degree from three universities.

Also See: Erasmus Mundus EMABG Scholarship 2027 | Master in Animal Biodiversity and Genomics

Host Universities

• Alma Mater Studiorum – Università di Bologna (Italy) – strong in climate & business, risk modelling, and Italian energy economics with Bologna’s historic academic tradition
• Ludwig-Maximilians-Universität München – LMU (Germany) – expert in environmental finance, stochastic calculus, and German financial mathematics excellence
• Université Paris Dauphine – UPD (France) – leader in renewable technologies, financial modeling, and French green energy innovation

The Three Tracks

When you apply you choose one track.

Track	First semester	Focus
Renewable Technologies	Université Paris Dauphine in France	Clean energy technology and engineering
Environmental Finance	LMU Munich in Germany	Environmental finance and risk
Climate and Business	University of Bologna in Italy	Climate risk, business and energy economics

Your later semesters move between the partner universities. The last semester is an internship or research placement that leads to your master’s thesis.

What You Will Learn from GrEnFIn

• Renewable energy technologies
• Climate science and statistics for energy
• Environmental finance and risk management
• Stochastic calculus and energy market theory
• Climate risk and commodity markets
• Econometrics and time series for energy forecasting
• Portfolio management in the energy transition
• Sustainability and entrepreneurship in the green economy

Study Path and Mobility

Semester 1

• Focus: Quantitative tools and energy economics.
• Assessment: Exams.
• Locations: UPD London, LMU Munich, and UNIBO.

Semester 2

• Focus: Renewable energy, statistics, quantitative methods, and corporate finance.
• Activities: Industry visits and summer school in Italy or at UPD.
• Locations: UNIBO and LMU Munich.

Semester 3

• Focus: Advanced statistics, IT, and specialized subjects.
• Activities: Internship preparation, company meetings, and winter school.
• Locations: UNIBO and UPD.

Semester 4

• Focus: Internship or Research Assistantship (RAship).
• Master’s Thesis: Based on practical experience and supervised by academic and industry experts.
• Location: University, partner institution, or external company.

What the Scholarship Covers

Covered by the Erasmus Mundus scholarship	Not confirmed in the programme wording
Student participation costs	Travel allowance
A monthly allowance of 1400 euros in both academic years	Installation allowance
	Health insurance

Admission Requirements

You must meet four conditions.

• Academic qualification. A three-year university degree or an equivalent
• Subject background. A bachelor’s in Mathematics, Physics, Economics, Statistical Sciences, Information Technology or Engineering
• English. At least CEFR level B2 with a recognised certificate
• Skills and experience. Checked through your academic record and overall experience. A GRE or GMAT score is optional

If your degree is in another field check the curricular rules in the Admission Notice before you apply.

Graduating students can apply too. You must finish your bachelor’s by 23 July 2027. Environmental Finance applicants must send enrolment documents to LMU by 15 July 2027. Students with degrees from China India and Vietnam must also send an APS certificate by that date.

The programme says the new Admission Notice for 2027 to 2028 may still be coming. Read it as soon as it appears.

Application Dates

Date	What happens
14 October 2026 at 11:00 CET	Applications open
7 January 2027 at 11:00 CET	Applications close
26 February 2027	Results published
1 to 5 March 2027	Pre enrolment
8 to 12 March 2027	Matriculation at Bologna
15 March to 20 May 2027	Waiting list may move
28 May 2027	Late matriculation deadline
31 August to 3 September 2027	Welcome week at Bologna
September 2027	Programme starts

How To Apply for Erasmus Mundus GrEnFIn Scholarship 2027

1. Go to Studenti Online at studenti.unibo.it. If it is your first time choose Register.
2. Click Admission application and select Second Cycle Degree Programme.
3. Choose your track.
4. Upload a copy of your valid ID. Use your passport if your ID is not in English.
5. Upload the ISCED Classification Template.
6. Upload your bachelor’s degree and your transcript. Foreign documents need an Italian or English translation.
7. Upload proof of B2 English.
8. Upload your overall experience using the Europass template.
9. Add a GRE or GMAT score if you have one.
10. Submit before 7 January 2027 at 11:00 CET.

The committee reads only documents uploaded through Studenti Online. Do not send anything by post or email. Missing or partly uploaded mandatory documents mean your application is not considered.

How Scholarships Are Chosen

• One single ranking covers all three tracks
• The scholarship goes to full time students only
• You cannot get a second Erasmus Mundus Joint Master scholarship if you already had one
• You cannot combine it with another EU-funded scholarship for the same course
• No more than 10 percent of scholarships go to people of the same nationality unless they come from targeted regions

Mistakes To Avoid

• Waiting until the last hour. The deadline is 11:00 in the morning
• Sending documents by email or post
• Uploading only part of the mandatory documents
• Using an English certificate that is not on the recognised list
• Forgetting the translation of foreign documents
• Assuming a scholarship covers travel or settling costs
• Ignoring the rule that you cannot hold two EU funded scholarships for the same course

FAQs

For More Erasmus Mundus Scholarships

• Visit Erasmus Mundus Catalogue