A new High Level Group for South-West Europe covering gas and electricity infrastructure will identify and carry out key energy infrastructure projects in the region. Currently, the lack of energy infrastructure in South-West Europe is hindering the creation of a regional electricity market, and preventing Iberian energy companies from entering the EU internal electricity market.
At a meeting in Madrid on 4 March, Commission President Jean-Claude Junker, Commissioner for Climate Action and Energy Miguel Arias Cañete, President of France François Hollande, Prime Minister of Spain Mariano Rajoy, Prime Minister of Portugal Pedro Passos Coelho and President of the European Investment Bank Werner Hoyer met to discuss how to better connect the Iberian Peninsula to the rest of the EU energy market.
A well-connected European energy market is crucial for creating an Energy Union which will help ensure secure, affordable and sustainable energy for all EU citizens and businesses.
Meanwhile, the Commission is working on a study of the benefits, costs and technical possibilities for electricity interconnections between the Iberian Peninsula and the rest of Europe. The results are expected to be available from mid-April 2015.
Find out more about a new interconnector between France and Spain inaugurated in February.
Find out more about projects to interconnect European energy infrastructure.