Today EU Member States agreed on the Commission's proposal to invest €444 million in priority European energy infrastructure projects. The 18 selected electricity, smart grids and gas projects will contribute to achieving the Energy Union's goals by connecting European energy networks, increasing security of energy supply, and contributing to the sustainable development by integrating renewable energy sources across the EU.
The Energy Union strategy has at its centre the transition to a low-carbon, and secure and competitive economy. Properly interconnected electricity lines and gas pipelines form the backbone of an integrated European energy market. Investing in sustainable and renewable energy sources helps accelerate the energy transformation in Europe and ensures that such a transformation is used for the EU industry to reach a leading position in low-carbon technologies, thereby fostering green growth and jobs – all priorities of the Juncker Commission.
The money for the chosen projects comes from the Connecting Europe Facility (CEF), the EU's funding support programme for infrastructure.