On January, 23 EU Member States voted on a Commission proposal to invest almost €800 million in key European energy infrastructure projects with major cross-border benefits. The EU funding comes from the Connecting Europe Facility (CEF), the European support programme for trans-European infrastructure.
Priority is given to projects that increase competitiveness, enhance the EU’s security of energy supply through the promotion of safe, secure and efficient network operation, and contribute to sustainable development and environmental protection. Creating a connected, modern energy grid represents a crucial element of the Energy Union, one of the political priorities of the Juncker Commission.
Commissioner for Climate Action and Energy, Miguel Arias Cañete said: “As a crucial element of our overall energy and climate strategy, we need to ensure that our energy infrastructure is sustainable, goal-oriented, and operational. With almost two-thirds of today’s investment decision devoted to electricity, we are delivering on our promise to align EU funding with our political ambition to deliver the clean energy transition. We continue to invest in the right energy infrastructure projects which are essential to the EU’s clean energy transition and security of supply.”
Today’s vote concerns CEF financial aid for studies and works for a total of 14 projects: 7 for electricity, 2 for smart grids, 2 for CO2 cross-border transportation and 3 for gas. The proposed CEF-Energy funding amounts to almost €800 million, with electricity and smart grids accounting for €504 million, €9.3 million to support studies on the development of CO2 transport infrastructure; and €286 allocated to the gas sector.
- In the electricity sector, a €323 million grant is awarded to the Baltic electricity synchronisation project.
- On smart grids, support has been approved for the ACON SG project to modernize and improve the power grid between Czechia and the Slovak Republic. The €91 million grant will now contribute to the setting up of smart grids in the border region.
- Moreover, €6.5 million in funding will be allocated to a study on the development of a CO2 infrastructure in the Port of Rotterdam. The objective is to establish open access, cross-border, carbon dioxide network in North-West Europe, with its core located in the Port of Rotterdam.
- Finally, in the gas sector, the CEF will support, with nearly €215 million, the Baltic Pipe project, a new, bi-directional offshore gas interconnection between Poland and Denmark. This pipeline will be crucial for security of supply and market integration of the region.
Original source: European Commission
Published on 23 January 2019
