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 Milestone

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

How do we upskill a billion people by 2025? Leadership and collaboration will be key

The Commission calls for a climate neutral Europe by 2050*

COVID-19: Budget MEPs call for quick progress on post-2020 contingency plan

4 steps towards wiping out cervical cancer

These are the best MBAs if you want to be an entrepreneur

China-EU Special Report: Chinese Premier Li Keqiang endorses China’s big investment on Juncker’s plan at 10th China-EU Business Summit

Sochi not far away from Ukraine

Why are Black people in the UK more at risk from COVID-19?

UN member states express their will to tackle global migration but specific actions are still missing

International Women’s Day: Where does she belong?

COVID-19 is an unmissable chance to put people and the planet first

In Pakistan, Guterres urges world to step up climate action, praises support to Afghan refugees

1 in 4 Africans had to pay a bribe to access public services last year

A Young student assesses the Programme for International Student Assessment (PISA)

‘Over-reacting is better than non-reacting’ – academics around the world share thoughts on coronavirus

Berlin cannot dictate anymore the terms for the enactment of the European Banking Union

OECD’s Gurría calls for overhaul of economic thinking to address global challenges

Finnish Council Presidency priorities debated in plenary

7 innovative projects making cities more sustainable

ECB settles the bank resolution issue, makes banking union tangible

Tobacco-free Public Space in Africa’s Most Populous Country

There are more than 1 billion guns in the world and this is who owns them

UN lauds special chemistry of the periodic table, kicking off 150th anniversary celebrations

How video games can reunite a divided world

Brussels wins game and match in Ukraine no matter the electoral results

The true EU unemployment rate may have soared to 21.9%

Landmark EU Parliament – ECB agreement on bank supervision

GSMA announces first speakers for Mobile 360 Series-Middle East and North Africa

OECD sees rising trade tensions and policy uncertainty further weakening global growth

Does hosting a World Cup make economic sense?

How governments and mobile operators are easing network congestion during the COVID-19 crisis

Macron leads EU-wide minimum wage call as Merkel, Medvedev warn of global injustice

Coronaviruses: the truth against the myths

Sustainable fisheries: Commission takes stock of the EU’s Common Fisheries Policy and launches consultation on the fishing opportunities for 2021

Hungary: Commission takes next step in the infringement procedure for non-provision of food in transit zones

Do we need a new Marshall Plan to rebuild Europe after COVID-19?

Summertime Consultation: 84% want Europe to stop changing the clock

Groundbreaking cancer-fighting drugs now included in updated UN list of essential medicines

First-ever global conference of national counter-terrorism chiefs will strengthen cooperation, build ‘resilient’ States, says top UN official

Stricter rules to stop terrorists from using homemade explosives

3 innovations which are leading the fight to save our ocean

During the coronavirus pandemic, we must fight for LGBTQ rights more than ever

New rules make household appliances more sustainable

The world is failing miserably on access to education. Here’s how to change course

The ECB ‘accidentally’ followed IMF‘s policy advice for growth and job creation by printing more money

Don’t compare data to oil – digitization needs a new mindset

Q&A on extraordinary remote participation procedure

What kind of action on social justice should we expect from companies in the future?

Banks get new capital for free and citizens pay the bill

The widely advertised hazards of the EU not that ominous; the sting is financial woes

David Attenborough: The planet can’t cope with overpopulation

The future of suicide and depression prevention

These 5 start-ups are shaping the future of Africa’s cities

Migration and asylum: EU funds to promote integration and protect borders

Here’s how sustainability can make you stand out from the crowd

Dieselgate: Parliament calls for mandatory retrofits of polluting cars

It’s not summer holidays what lead to the bad August of the German economy

We need to deep clean the oceans. Here’s how to pay for it

As people return to work, here’s how we can make commuting more inclusive and sustainable

International Literacy Day: What you need to know about youth literacy

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