Applications for the Erasmus Mundus GrEnFIn Scholarship 2026 are open now. The Erasmus GrEnFIn is a two-year joint master’s program for students who want to become experts in the green energy transition and sustainable finance. You learn how to develop renewable energy technologies, manage climate risks, price carbon, and create financial tools for a low-carbon economy. The program mixes engineering, climate science, economics, and business to train future leaders in the energy-finance intersection. You study in Italy, Germany, and France at three top universities. The Erasmus Mundus GrEnFIn program starts in September 2026 and offers full scholarships to the best students from any country. Also see the Erasmus Mundus IMLEX Scholarship 2026.
Details About the Erasmus Mundus GrEnFIn Scholarship
| Feature | Details |
|---|---|
| Program Name | GrEnFIn – Green Energy and Finance |
| Duration | 2 years full-time (120 ECTS) |
| Degree Type | Joint master’s degree from the three universities |
| Host Countries | Italy, Germany, France |
| Funded By | Erasmus+ Programme – European Union |
| Total Scholarships | Around 15–20 full scholarships each year |
| Monthly Money | €1,400 for 24 months |
| Start Date | September 2026 |
| Application Opens | December 2, 2025 |
| Scholarship Deadline | March 3, 2026 |
| Self-funded Deadline | Later (check website) |
| Contact | grenfin@unibo.it |
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
What Students Learn from Erasmus GrEnFIn
- Renewable energy technologies and engineering solutions for clean power.
- Climate system science and statistical inference for energy impacts.
- Environmental finance and risk management in green investments.
- Stochastic calculus and arbitrage theory for energy markets.
- Climate-related risk and commodity market analysis.
- Econometrics and time series for energy forecasting.
- Portfolio management and asset strategies in transition risk.
- Sustainability and entrepreneurship in the green economy.
Also See: Erasmus Mundus AFEPA Scholarship 2026
Why Choose the GrEnFIn Program
- Unique blend of green energy engineering, finance, and climate science.
- Study in three major European countries with strong energy markets.
- Full scholarship covers tuition, living, and travel costs.
- Hands-on projects and internships in real energy-finance cases.
- Small international class for personal mentoring and collaboration.
- Joint degree valued by energy companies, banks, and policy bodies.
- Preparation for the global shift to low-carbon economy.
- Strong network with industry and European green finance experts.
Study Path and Mobility
- Semester 1 – Depending on chosen track • Renewable Technologies: Université Paris Dauphine (France) • Environmental Finance: Ludwig-Maximilians-Universität München (Germany) • Climate & Business: Alma Mater Studiorum – Università di Bologna (Italy).
- Semester 2 – Rotation to another partner • Renewable Technologies → Università di Bologna • Environmental Finance & Climate & Business → LMU.
- Semester 3 – Continuation at UNIBO (Renewable) or UPD (others) Advanced specialization courses.
- Semester 4 – Internship or research assistantship Culminating in master’s thesis.
Admission Requirements
- Bachelor degree in mathematics, physics, economics, statistical sciences, information technology, or engineering.
- Strong academic record.
- English proficiency – IELTS 6.5 or TOEFL iBT 90.
- Mandatory online assessment test in March.
See Also: Erasmus Mundus SARENA Scholarship 2026 | Master in Nuclear Engineering
Documents Required
- Bachelor diploma and transcripts
- CV
- Motivation letter
- Two recommendation letters (optional but recommended)
- English test result
- Passport copy
Scholarship Benefits
- Full tuition fee paid
- Travel money €2,000–€3,000 per year
- €1,400 every month for 24 months = €33,600 total
- Installation allowance €1,000
- Health insurance
Application Tips
- Write motivation showing passion for green energy and finance.
- Highlight any math, economics, or energy-related experience.
- Get strong letters from teachers or professionals.
- Apply by March 3, 2026.
- Prepare for the mandatory online assessment test.
- Choose your track (Renewable, Environmental Finance, or Climate & Business) carefully.
How to Apply for Erasmus Mundus GrEnFIn Scholarship
- Go to official Erasmus Mundus GrEnFIn Scholarship website and click apply.
- Register on Studenti Online portal.
- Choose up to two tracks.
- Upload all documents.
- Submit by March 3, 2026 for scholarship.
- Take assessment test March 10–12, 2026.
- Results April 7, 2026.
Career Opportunities
- Sustainable energy consultant
- Environmental finance analyst
- Renewable energy project manager
- Work in green banks or investment funds
- Policy advisor on energy transition
- Researcher in climate economics
- ESG specialist in corporations
FAQs
Q1. What is GrEnFIn?
A. Master program on green energy and finance in Italy, Germany, and France.
Q2. Who can apply for GrEnFIn?
A. Mathematics, physics, economics, engineering students with good English.
Q3. Do I choose a specialization track?
A. Yes – Renewable Technologies, Environmental Finance, or Climate & Business.
Q4. How many scholarships?
A. Around 15–20 full ones.