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European Commission earmarks €980 million for energy projects

4C Offshore | Tom Russell
By: Tom Russell 16/03/2020 European Commission
The European Commission is releasing €980 million of funding for 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.

The 2020 CEF Energy call for proposals will be open until 27 May 2020. To apply for CEF Energy funding, projects must first be designated Projects of Common Interest (PCIs). PCIs need to have a significant impact on at least two EU countries and must increase competitiveness, enhance the EU’s energy security and contribute to sustainable development.

The proposals submitted for co-financing, which can be for studies or construction works, will then be evaluated against several additional criteria. These criteria include their state of maturity, their benefits in terms of security of supply, solidarity or innovation, the extent of public support needed to remove financing bottlenecks and the priority and urgency of proposed actions.

CEF-Energy has a total budget of €4.9 billion for trans-European energy infrastructure for the period 2014-2020. The Union-wide list of Projects of Common Interest is updated every two years. The latest PCI list was adopted by the Commission in October 2019 and will enter into force on 31 March 2020. CEF-Energy has allocated €3.9 bn to PCIs to date.


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