European Commission unveils list of 250 infrastructure projects that may qualify for €5,85 billion of funding

(LEXEGESE) - On 14 October 2013, 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 improved regulatory conditions 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. This shall help them get implemented faster and make them more attractive to investors. Once completed, the projects shall 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 shall also enable the grid to uptake increasing amounts of renewables, and consequently help reduce CO2 emissions. The list includes up to 140 projects in the field of electricity transmission and storage, about 100 projects in the field of gas transmission, storage and LNG, and several oil and smart grids projects ...Zum vollständigen Artikel


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