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EU invests €873 million in clean energy infrastructure

Staff Writer |
EU Member States agreed on the Commission's proposal to invest €873 million in key European energy infrastructure projects.

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Europe's transition to a clean and modern economy is the goal of the Energy Union, a priority of the Juncker Commission. It is now becoming the new reality on the ground, and one important building block is adapting the European infrastructure to the future energy needs.

Properly interconnected electricity lines and gas pipelines form the backbone of an integrated European energy market anchored on the principle of solidarity.

Thus, supporting these 17 selected electricity and gas projects , signals Europe's willingness to upgrade and make the European energy system more competitive that will ultimately deliver cheaper and secure energy to all European consumers.

The EU funding for the chosen projects comes from the Connecting Europe Facility (CEF), the European support programme for trans-European infrastructure.

Commission Vice-President for Energy Union Maroš Šefčovič said: "Once more we demonstrate that cooperation and solidarity pays off and that the Energy Union is becoming a reality with tangible impact on the ground.

These are important projects with major cross-border benefits and by implementing them we strengthen energy resilience of EU Member States. The Connecting Europe Facility has yet again shown tremendous added value in the modernisation of the European economy."

Of the 17 projects selected for funding 8 are in the electricity sector (EU support €680 million) and 9 in the gas sector (EU support €193 million); 4 relate to construction works (EU support €723 million) and 13 to studies (EU support €150 million).

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