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Energy – European Commission allocates almost €600 million for energy infrastructure projects contributing to decarbonisation and security of supply – Brief

3 min read (textul complet), articol clasificat de Robotul Minerva ca: General

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The European Commission is allocating almost €600 million to energy infrastructure projects contributing to decarbonisation and security of supply.

The European Commission has allocated €594 million under the Connecting Europe Facility (CEF) to eight cross-border energy infrastructure projects granted the status of projects of common interest (PCIs) in 2022.

The funds have been allocated to several carbon dioxide (CO) projects2), including: a maximum amount of EUR 189 million for D’Artagnan, an CO export platform2 from the port of Dunkirk in France, €157 million for CO infrastructures2 from the port of Rotterdam (Netherlands), comprising both an import terminal and a 200 km undersea section and EUR 2.54 million for the EU CCS interconnection, an infrastructure project for CO2 in Gdansk (Poland).

European Commission allocates almost €600 million for energy infrastructure projects contributing to decarbonisation and security of supply

The European Commission is allocating almost €600 million to energy infrastructure projects contributing to decarbonisation and security of supply.

The European Commission has allocated €594 million under the Connecting Europe Facility (CEF) to eight cross-border energy infrastructure projects granted the status of projects of common interest (PCIs) in 2022. This investment is part of wider EU efforts to decarbonise the energy system and achieve the greenhouse gas emission reduction targets set out in the European Green Deal.

The funds have been allocated to several carbon dioxide (CO) projects2), including: a maximum amount of EUR 189 million for D’Artagnan, an CO export platform2 from the port of Dunkirk in France€157 million for CO infrastructures2 from the port of Rotterdam (Netherlands), comprising both an import terminal and a 200 km undersea section and EUR 2.54 million for the EU CCS interconnection, an infrastructure project for CO2 in Gdansk (Poland). Northern Lights initiative, a cross-border project bringing together CO capture initiatives2 from several EU Member States and Norway, it also received €131 million. These projects will support the creation of a European carbon value chain as the Commission works on a new industrial carbon management strategy to help achieve its climate objectives.

In addition, €100 million will be provided to the Gabreta smart grids project between Czechia and Germany, and the project to strengthen the Lonny-Achêne-Gramme electricity interconnection between France and Belgium has received €1.22 million to fund studies. Finally, €12.77 million was granted to the Depomures gas storage facility in Romania to increase its operating capacity to contribute to security of supply in the region.

The financing decision adopted today follows the 2023 CEF call, which was the last call for projects with PIC status launched under the previous TEN-E Regulation, Regulation (EU) No …/… 347/2013, for which natural gas projects were also eligible. The revised regulation introduces a general exclusion from fossil fuel financing. On 7 December, after the Commission’s assessment of the requests, Member States voted in favour of the Commission’s proposal in the CEF Coordination Committee. The European Climate, Infrastructure and Environment Executive Agency (CINEA) will now prepare grant agreements with beneficiaries.

26.01.2024 / Editor, Andreea Dragan

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