EU Member States agree on the Commission’s proposal to increase funds
The EU Member States agreed upon the mobilisation of almost €800 million for key European energy infrastructure projects, covered by Connecting European Facility funding, the European support programme for trans-European infrastructure. The 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. These projects were selected through a call for proposals opened for 5 months from June until October 2018.
The funds are directed to projects mostly located in Northern and Central-Eastern Europe, such as:
- Baltic electricity synchronisation project will be supported by a €323 million grant to increase the security of supply making it less dependent on Russia’s resources. In June of 2018, EU leaders agreed to the political roadmap for completing the synchronisation.
- The ACON SG project will improve the power grid between the Czech Republic and Slovakia, using around €91 million to set up a smart grid in the border region.
- More money will be allocated to a study on the development of a CO2 infrastructure in the Port of Rotterdam, to create a carbon dioxide network for North West Europe.
- A Baltic Pipe project will maximise the connection of Denmark and Poland with the rest of the region to increase the security of supply through new offshore gas interconnections.