EU Invests in Energy Infrastructure Projects

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EU Member States agreed yesterday on a Commission proposal to invest €998 million in key European energy infrastructure projects under the Connecting Europe Facility (CEF). Yesterday's positive vote provides financial aid for works and studies for ten projects.

The largest amount of funding goes to the Baltic Synchronisation Project (€720 million), to better integrate the electricity markets of Estonia, Latvia, Lithuania and Poland. Other projects include a smart electricity grid linking Hungary and Slovakia (€102 million), and the first-ever CEF grant for works on a CO2 transport project for Belgian and Dutch ports.  Kadri Simson, Commissioner for Energy, said:... ... More: Official Press Release European Commission

Keywords:

European Commission, investment, proposal, energy infrastructure, Europe, country, Baltic Intervconnector, Baltic Sea, North Sea Wind Power Hub