EU Invests €1.2 Billion in Cross-Border Energy Infrastructure
(Brussels, January 30, 2025) – The European Union (EU) has announced an investment of €1.2 billion in cross-border energy infrastructure projects to enhance energy security, promote renewable energy integration, and foster regional cooperation.
The funding is part of the EU’s Connecting Europe Facility (CEF) program, which supports trans-European networks in the fields of energy, transport, and digital infrastructure. The investment will be utilized to finance projects that increase electricity and gas interconnections between EU member states and neighboring countries.
“This investment is a critical step towards a more resilient and interconnected European energy system,” said Kadri Simson, EU Commissioner for Energy. “By increasing our cross-border capacity, we can improve energy security, reduce our dependence on imports, and facilitate the transition to a carbon-neutral future.”
The projects selected for funding include:
- Baltic Energy Market Interconnection Plan (BEMIP): €300 million to enhance electricity interconnections between Estonia, Latvia, and Lithuania, improving the stability and reliability of the Baltic electricity grid.
- European Hydrogen Backbone (EHB): €250 million to develop a trans-European hydrogen pipeline network, connecting the main hydrogen production and consumption regions in the EU.
- ** Iberian Hydrogen Corridor:** €150 million to create a hydrogen transportation corridor between Spain and France, enabling the import of green hydrogen from Spain to Central and Northern Europe.
- Italy-Slovenia Gas Interconnection: €100 million to construct a gas pipeline between Italy and Slovenia, increasing the diversification of gas supplies in Central Europe.
- Poland-Ukraine Gas Interconnector: €80 million to upgrade and expand the gas pipeline connecting Poland and Ukraine, enhancing the resilience of the gas supply chain in Eastern Europe.
In addition to these projects, the EU will also provide funding for studies and feasibility assessments of future cross-border energy infrastructure projects.
The investment is expected to have several benefits, including:
- Improved energy security by reducing reliance on single suppliers and increasing the resilience of the energy system.
- Increased integration of renewable energy sources, such as wind and solar power, into the grid, reducing carbon emissions and promoting the transition to a sustainable energy future.
- Enhanced regional cooperation by promoting energy exchange and fostering economic growth within the EU and beyond.
The EU’s investment in cross-border energy infrastructure is a concrete step towards achieving the European Green Deal’s objectives of a climate-neutral and resilient energy system by 2050. By enhancing interconnections and diversifying energy sources, the EU aims to ensure a secure, sustainable, and competitive energy supply for its citizens and businesses.
EU invests €1.2 billion in cross-border energy infrastructure
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