EU to Fund €500M for Cross-Border Energy Infrastructure

EU to Fund €500M for Cross-Border Energy Infrastructure
energia.gr
Δευ, 11 Ιουνίου 2018 - 15:51

The European Commission (EC) is releasing €500 million to fund cross-border energy infrastructure, the European Commission (EC) announced on Monday

The EC said the projects would strengthen the EU's internal energy market, enhance security of energy supply, and help provide clean, sustainable energy for Europe.

The call for proposals under the Connecting Europe Facility (CEF-Energy) will be open until Oct. 11, the EC noted, adding that, proposed projects, which can be either studies or construction works, will be evaluated against several criteria.

"These include their state of maturity, their cross-border dimension, and to what extent they will remove bottlenecks to energy flow and end energy isolation of EU countries," the EC said.

The CEF-Energy is making available a total of €5.35 billion for energy projects in the period 2014-2020.

Previously, CEF-Energy grants were given for the construction of the Biscay Gulf France-Spain interconnection at €578 million, the largest CEF-Energy grant ever awarded, the support for the Balticconnector project, which will establish a physical interconnection between the Finnish and Estonian gas transmission systems; and a grant for the SINCRO.GRID project, which will help the Slovenian and Croatian transmission and distribution grid.

 (Anadolu Agency, 11/06/2018)