Energy Union: EU invests a further €800 million in priority energy infrastructure

energy 2019

(Unsplash, 2019)

This article is brought to you in association with the European Commission.


Energy Union: EU invests a further €800 million in priority energy infrastructure

Today 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.

Commission Vice-President in charge of the Energy Union, Maroš Šefčovič affirmed:“CEF is one of those instruments that prove the EU’s added value. Today’s approved list showcases that Energy Union is an efficient tool to modernise and green our economies, to make them future proof in line with climate and environmental goals.”

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. I am particularly pleased by the support given to the Baltic electricity synchronisation project, which will help materialise the Baltic States’ ambition to integrate their electricity system with continental Europe and improve security of supply in the Baltic region.”

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 a CO2 transport infrastructure; and €286 allocated to the gas sector. This current call for proposals (2018-2) was launched in June and closed on October 11th 2018.

  • In the electricity sector, a €323 million grant is awarded to the Baltic electricity synchronisation project. The Baltic States remain synchronously connected to the central dispatch facility of Russia, hindering their full integration into EU electricity markets. The project aims to increase the security of supply and reliability of the power systems in the region through their synchronous connection to the Continental European Network (CEN). In June of 2018, EU leaders agreed the political roadmap for completing the synchronisation.
  • On smart grids, support has been approved for the ACON SG project tomodernize 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 an 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.

Background

The CEF envisages a total budget of €5.35 billion for trans-European energy infrastructure for the period 2014-2020. In order to be eligible for a grant, a proposal has to be ‘a project of common interest’ (PCI). When completed, the projects will each result in significant benefits for at least two Member States, enhance security of supply, contribute to market integration, and enhance competition, as well as reduce CO2 emissions. The Union-wide list of Projects of Common Interest is updated every two years. The latest PCI list was published by the Commission in November 2017. The CEF-Energy already granted €647 million to 34 projects in 2014, €366 million to 35 projects in 2015, €707 million to 27 projects in 2016, and €873 million to 17 projects in 2017.

In the next long-term EU budget 2021-2027, the European Commission has proposed to renew the Connecting Europe Facility, allocating €42.3 billion to support investments in European infrastructure networks, including €8.7 billion for energy.

the sting Milestones

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Legendary Harlem Globetrotters slam-dunk at the UN, with message that brings families, nations together

‘Severe’ new US asylum restrictions will put vulnerable families at risk, UN refugee agency says

Sexual education in a school at the Brazilian Amazon

COP21 Breaking News: “There is an ecological debt that the world needs to pay back to Africa”, French President Francois Hollande promises 2 Billion euros by 2020 from Paris

3 reasons why data is not the new oil – and why this matters to India

Mexico needs a new strategy to boost growth, fight poverty and improve well-being for all

Bangladesh: Head of UN refugee agency calls on Asia-Pacific leaders to show ‘solidarity’ with Rohingya refugees

Clean Mobility: Commission tables proposal on car emissions testing in real driving conditions

The end of Spitzenkandidat: EU leaders concluded unexpectedly on EU top jobs

Statement by Executive Vice-President Margrethe Vestager on State aid measures to address the economic impact of COVID-19

Impact investment favours expats over African entrepreneurs. Here’s how to fix that

Reconciliation helps ‘repair fractures’, enable lasting peace, Security Council hears

How the tech sector can power the shift to a sustainable economy

It’s time to end the stigma around mental health in the workplace

‘Humiliation was the worst’; Holocaust survivor at UN, asks world to act with ‘empathy and compassion’

UN chief appeals to G7 leaders for ‘strong commitment’ and political will to tackle climate emergency

Why strive for Industry 4.0

The gender gap of medicine in 2018

How a new approach to meat can help end hunger

What next for Europe? Three (completely) different Davos views

Young health workforce – a core of effective primary healthcare?

‘€1 million’ fines for rescue boats prompts UN concern for future sea operations

The COVID-19 vaccine’s challenges

European financial values on the rise

UN programme to help spare millions from child marriage, extended to 2023

3 ways to improve diversity and inclusion in your organization

Two major EU projects falter; the Schengen Agreement now freezes and Eurozone fails to resolve the Greek enigma

‘Abhorrent’ ambulance attack in Libyan capital imperils life-saving work, warns UN

Coronavirus: Eight macro-financial assistance programmes agreed to support enlargement and neighbourhood partners

Air pollution: How to end the deaths of 7 million people per year?

India is now the world’s 5th largest economy

Parliament declares the European Union an ‘‘LGBTIQ Freedom Zone’’

Algeria must stop arbitrary expulsion of West African migrants in desert: UN migration rights expert

Cameron postpones speech in Holland

China-EU Summit on 16-17 July 2018: “Work together to address common challenges”, by China’s Ambassador to the EU

Respect for fundamental rights and freedoms key for peaceful polls in DRC – UN mission chief

Brexit effect: Public opinion survey shows that EU is more appreciated than ever

Afghanistan probe: ‘at least 60 civilians’ killed after US military airstrikes on alleged drug labs

Amid global ‘learning crisis’, Parliaments can ensure adequate resources for education, says UN Assembly President

Long-term EU budget: MEPs slam cuts to culture and education

‘End the ongoing atrocities’ against people with albinism in Malawi, say UN rights experts

This Netherlands football stadium creates its own energy and stores it in electric car batteries

The US will impose tariffs on Mexico, says President Trump

Challenges facing the COVID-19 vaccination campaigns

Commission opens infringement procedures against 24 Member States for not transposing new EU telecom rules

3 reasons we should all care about biodiversity

Air pollution: How to end the deaths of 7 million people per year

UN human rights ruling could boost climate change asylum claims

Australia urged to evacuate offshore detainees amid widespread, acute mental distress

Coronavirus spread now a global emergency declares World Health Organization

China Unlimited – The chinese tourism in Lisbon

Ethiopian Prime Minister Abiy Ahmed wins Nobel Peace Prize

UN experts decry torture of Rakhine men and boys held incommunicado by Myanmar’s military

‘Champion for multilateralism’ readies to hand over UN General Assembly gavel

UN recognises role of sport in achieving sustainable development

Commission presents review of EU economic governance and launches debate on its future

Inclusion, empowerment and equality, must be ‘at the heart of our efforts’ to ensure sustainable development, says UN chief

EU Security Union Strategy: connecting the dots in a new security ecosystem

Pharmaceuticals conceal drug side effects with the EU’s Court blessing

The EU moulds a new compromise for growth and financial sustainability

More Stings?

Advertising

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s