EU Member States have
agreed on a Commission proposal to invest €998 million in key European
energy infrastructure projects under the Connecting Europe Facility (CEF).
The positive vote provides financial aid for works and studies for ten
The allocation of funds is in line with the objectives of the European
Green Deal, with 84% of funds going to electricity or smart grid projects.
The vote grants financial aid to ten projects: two for electricity transmission,
one smart electricity grid, six for CO2 transport (including five studies),
and one for gas.
Kadri Simson, Commissioner for Energy, said: “These ten projects will
contribute to a more modern, secure and smart energy infrastructure system,
which is crucial for delivering the European Green Deal and meeting our
ambitious 2030 climate targets. Yesterday's decision marks a decisive step
in the Baltic Synchronisation process in particular, a project of European
strategic interest. These investments will help sustain the EU's economic
recovery and create jobs.”
The largest amount of funding (€720 million) goes to the Baltic Synchronisation
Project. This would support the development of an electricity cable connecting
Poland and Lithuania through the Baltic Sea. The cable will become a building
block for the future offshore grid in the Baltic Sea. This funding will
also cover investments such as synchronous condensers in Estonia, Latvia
North Sea Wind Power Hub also secured funding (€14 million). The study
to support the development of an important project for the roll-out of
offshore wind in the North Sea. It aims to investigate the feasibility
of one or more hubs in the North Sea with interconnectors to bordering
North Sea countries (Denmark, Germany, Netherlands) to transmission energy
generated by offshore wind farm.
was also granted to the Porthos CO2 transport network project (€102 million).
This project between the Netherlands and Belgium will develop an open access
CO2 transport network in three of Europe's main ports (Rotterdam, Antwerp
and North Sea Port) leading to an offshore storage site in the North Sea.
more information on the projects which secured funding, click