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EU investing additional €217 million in energy infrastructure projects

Staff writer |
The EU member states approved Commission proposal to invest €217 million in key trans-European energy infrastructure projects, mainly in Central and South Eastern Europe.

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In total, 15 projects were selected under the Connecting Europe Facility (CEF), an EU funding program for infrastructure.

The selected projects will increase energy security and help end the isolation of some EU states from EU-wide energy networks. Projects will also contribute to the completion of a European energy market and the integration of renewables into the electricity grid.

The EU is heading on with the modernisation of energy networks in the region to bring all still isolated states into the “united European energy market”. Modern energy networks are also crucial to ensuring efficient use of existing energy resources and therefore key to reaching the EU climate goals.

The European Commissioner for Climate Action and Energy Miguel Arias Cañete underlined that energy projects were targeting the most deficient regions in EU. With the new funding the states in Central and Southern EU will secure supplies and fully integrate Europe's energy market by connecting networks across Europe.

Under the Connecting Europe Facility a total of €5.35 billion has been allocated to trans-European energy infrastructure for the period of 2014-2020.

In order to be eligible for a grant, a proposal has to relate to a project included in the list of 'projects of common interest'. There are currently 195 energy infrastructure projects on the list. When completed, each project would ensure significant benefits for at least two EU states, enhance security of supply, contribute to market integration and further competition as well as reduce CO2 emissions. The list is updated every two years.

Under the first call for CEF-energy in 2014, 34 grants received €647 million in financial support.

In 2015, two CEF-energy calls for proposals were launched. Within the first call for proposals, €150 million was allocated to energy infrastructure projects.

Under the second call, 15 projects out of 24 eligible applications were selected. Proposals that were not selected under this call may apply for funding again under the next call for proposals scheduled for later this year.

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