EU Launches €600m Funding Call for Energy Infrastructure Projects
Key Ideas
- The EU's Climate, Infrastructure and Environment Executive Agency is offering €600m in funding from the CEF for Energy for cross-border infrastructure projects.
- 65 hydrogen projects are included in the EU's sixth list of Projects of Common Interest and Projects of Mutual Interest.
- Developers of these hydrogen projects have benefits such as a binding time limit on permitting and access to funding from the CEF or host member states.
- The initiatives aim to enhance energy infrastructure connectivity within the EU and with non-EU countries.
The EU has initiated a funding call of €600m from the Connecting Europe Facility (CEF) for Energy to support critical cross-border infrastructure projects. This funding opportunity is part of the EU's focus on enhancing energy connectivity within the region. The recent approval of the sixth list of Projects of Common Interest and Projects of Mutual Interest by the EU includes a significant number of hydrogen projects, highlighting the growing importance of hydrogen in the energy landscape. Developers of these hydrogen projects are offered advantages such as a specific time limit for permitting and access to financial resources from either the CEF or their respective member states. The overall objective is to strengthen energy infrastructure connections both among EU member states and with countries beyond the EU. This move signifies a positive step towards achieving cleaner and more sustainable energy systems in the region.