EU invests in priority energy infrastructure

05.02.2019

The “Connecting Europe Facility” (CEF) programme by the European Commission (EC) is a major European funding instrument to support the Energy Union, which is one of the EC’s policy priorities. CEF promotes the development of high performing, sustainable and efficiently interconnected trans-European networks in transport, energy and digital services sectors. Significant infrastructure projects of TSCNET shareholders are also considered as Projects of Common Interest (PCIs) and worthy of support.

PCIs financed by CEF include for example the Viking Link interconnector of the Danish transmission system operator (TSO) Energinet, the SuedLink DC line in Germany – a joint venture of the Dutch-German TSO TenneT and TransnetBW from southwestern Germany – and the joint smart grid project SINCRO.GRID of TSOs ELES and HOPS from Slovenia and Croatia respectively.

Last week, the EU Member States endorsed the EC’s proposal to invest a further €800 million under the CEF in infrastructure projects with high cross-border benefits. The current approval concerns the CEF’s financial support for studies and work on a total of 14 projects. Priority has been given to initiatives to increase competitiveness, improve security of energy supply and contribute to sustainable development and environmental protection.

The EU is investing a further €800m in priority energy infrastructure (illustration based on a picture by EC-Audiovisual Service / Mauro Bottaro)

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