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Commission unveils list of 250 energy infrastructure projects that qualify for €5 billion of funding

 

Today, the European Commission has adopted a list of some 250 key energy infrastructure projects. These "projects of common interest" (PCI) will benefit from accelerated licensing procedures and may have access to financial support from the Connecting Europe Facility, under which a €5.85 billion budget has been allocated to trans-European energy infrastructure for the period 2014-20. EU Energy Commissioner Oettinger said: "We have to make sure that our limited funds are used wisely and that EU money goes where it can create most benefits to European consumers. With this list of energy infrastructure projects and their accompanying benefits we also hope to attract more investors." Once completed, the projects will help Member States to integrate their energy markets, enable them to diversify their energy sources and help bring an end to the energy isolation of some Member States. They will also enable the grid to uptake increasing amounts of renewables, and consequently help reduce CO2 emissions. More information here: http://ec.europa.eu/energy/infrastructure/strategy/2020_en.htm

 

14/10/13