Empowering Europe's Energy Transition through Cross-Border Infrastructure Investment
Key Ideas
  • Europe's energy transition relies on investments in modern energy solutions like renewable hydrogen production and interconnected networks to support the growing share of renewables.
  • The European Commission emphasizes the need for €584 billion in investments by 2030 to meet the rising electricity demand and build a sustainable hydrogen system.
  • EU's energy infrastructure policy aligns with climate-neutrality goals by streamlining processes for project development and prioritizing key infrastructure projects like electricity, offshore grids, and hydrogen infrastructure.
  • Projects awarded 'Project of Common Interest' or 'Project of Mutual Interest' status benefit from accelerated planning processes, increased investor visibility, and potential funding from the Connecting Europe Facility (CEF).
The European Union is focusing on developing cross-border energy infrastructure to support its energy transition towards cleaner sources and reduce dependence on fossil fuels. Investments in modern energy solutions like renewable hydrogen production, rooftop solar panels, and electric vehicles are driving this shift. President von der Leyen and Commissioner for Energy, Kadri Simon, stress the importance of clean energy infrastructure investments to achieve climate goals. The EU plans to invest €584 billion by 2030 to meet rising electricity demand and establish a sustainable hydrogen system. The EU's energy infrastructure policy aims to facilitate faster approval processes and financing for key projects across Europe and neighboring countries. Priority corridors and thematic areas have been identified for project development, focusing on electricity, offshore grids, and hydrogen infrastructure. Selected projects can apply for 'Project of Common Interest' or 'Project of Mutual Interest' status, benefiting from streamlined processes, increased visibility, and potential CEF funding. The ongoing call for applications allows promoters to submit proposals for consideration. The PCI Energy Days event provides a platform for project promoters to showcase their initiatives and collaborate with stakeholders to advance Europe's cross-border energy infrastructure.
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