The European Fee is accepting proposals for funding underneath a brand new spherical of the Connecting Europe Facility (CEF) for Vitality.
The brand new EUR 600 million ($659.54 million) supply is for tasks on the primary listing of Initiatives of Widespread Curiosity (PCIs) and Initiatives of Mutual Curiosity (PMIs) adopted underneath the revised Trans-European Networks for Vitality (TEN-E) Regulation. The regulation, which goals to hyperlink nationwide and regional energy, low-carbon fuel, hydrogen and carbon dioxide infrastructure, will get its funding from CEF for Vitality, budgeted with EUR 5.88 billion for 2021-27.
The primary listing consists of north-south energy interconnections within the Baltics, Central Jap Europe, Southeastern Europe and Western Europe; offshore grids within the Atlantic, North Sea, Jap Europe, Southern Europe and Western Europe; hydrogen production-distribution networks within the Baltics, Central Jap, Southeastern and Western Europe; and carbon seize and storage networks within the Baltics, the Mediterranean, the North Sea and between Croatia and Hungary.
- Advertisement -
The brand new name “addresses funding proposals for research and development works”, the Fee stated in a web-based assertion. Builders have till September 16 to submit proposals. Outcomes will come out “early subsequent 12 months”.
“Now, greater than ever, we should intensify our investments to make sure a real Vitality Union”, stated EU Vitality and Housing Commissioner Dan Jørgensen. “That is key to energy our competitiveness, guarantee our vitality safety and convey down vitality prices for all”.
For the inaugural name, which initially had a price range of EUR 850 million, the European Fee stated January it was set to award practically EUR 1.25 billion to 41 tasks, largely within the research stage.
The chosen tasks introduced January 30, consisting of 36 research and 5 work proposals, had obtained the standing of PCI or PMI in 2024, the Fee stated.
Practically EUR 750 million has been earmarked for eight energy grid tasks, together with offshore and sensible grids. The majority of the grid allotment at EUR 645 million would help the Bornholm Vitality Island undertaking. The undertaking includes the constructing of a first-of-a-kind hybrid interconnector within the Baltic Sea that hyperlinks to Denmark and Germany. The undertaking will combine three gigawatts (GW) of offshore wind capability, in line with the Fee.
“One other grant for development works of just about EUR 33 million will go to Danube InGrid, a cross-border sensible electrical energy undertaking between Hungary and Slovakia that may combine renewable vitality and extra effectively stability the system”, the Fee stated.
The opposite six – positioned in Belgium, Bulgaria, Denmark, France, Slovakia and Spain – would obtain research help.
“To assist decarbonize EU business, hydrogen infrastructure will profit from grants for 21 growth research amounting to over EUR 250 million”, the Fee added.
The hydrogen portion of the awards would help tasks in Austria, Belgium, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Italy, Latvia, Lithuania, Poland, Portugal, Spain and Sweden.
For carbon dioxide infrastructure, three tasks would obtain development help and 9 extra would obtain help in securing financing – totaling EUR 250 million.
The Prinos storage facility in Greece, which is able to assist set up the primary carbon seize and storage worth chain within the southeast Mediterranean, has been allotted EUR 120 million. The opposite two tasks to obtain development help are in Denmark and the Netherlands.
To contact the writer, e-mail jov.onsat@rigzone.com
