Posted by: Windfair Editors
EU Invests in Energy Infrastructure Projects
Official Press Release European Commission:
Investing in new energy infrastructure: Green light for EU grants worth nearly €1 billion
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