The European Fee is providing as much as EUR 850 million ($914.8 million) in funding for cross-border vitality infrastructure tasks comparable to carbon seize services, vitality storage services, fuel pipelines, hydrogen market hubs and energy grid interconnections.
That is the primary grant provide underneath the revised Trans-European Networks for Power (TEN-E) Regulation, which took impact June 2022 aligning with the European Union’s purpose of turning right into a net-zero emissions economic system by 2050, the Fee stated in a press launch.
Tasks eligible for the inaugural rollout have to be among the many preapproved listing of so-called tasks of widespread curiosity (PCIs) and tasks of mutual curiosity (PMIs), formulated underneath the TEN-E Regulation and revealed November 28, 2023, as Regulation 2022/869. For the primary time, offshore electrical energy grids and hydrogen tasks can qualify for TEN-E help.
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TEN-E tasks obtain EU help via the 2021–27 Connecting Europe Facility (CEF) for Power, which has a finances of practically EUR 6 billion ($64.6 billion).
“Whereas fossil gas tasks have been excluded in precept from eligibility to PCI/PMI standing and CEF Power, new varieties of tasks comparable to offshore electrical energy grids and hydrogen tasks have turn into eligible”, the Fee famous.
Accepted proposals for CEF Power funding underneath the revised TEN-E Regulation are for venture research and building works. Within the inaugural provide, builders have till October 22, 2024, to make submissions. Outcomes are deliberate to be made recognized subsequent yr, the Fee stated.
The pre-approved listing goals to scale up cleaner vitality within the 27-member area, in addition to assist member states whose grid continues to be linked to Russia emigrate their energy distribution system to continental Europe.
The pre-approved tasks embrace north-south energy interconnections within the Baltics, Central Japanese Europe, Southeastern Europe and Western Europe; offshore grids within the Atlantic, North Sea, Japanese Europe, Southern Europe and Western Europe; hydrogen production-distribution networks within the Baltics, Central Japanese, Southeastern and Western Europe; and carbon seize and storage networks within the Baltics, the Mediterranean, the North Sea and between Croatia and Hungary.
As a PCI, the migration of the grids of the three remaining EU nations linked to the Russian grid is focused to be accomplished by February 2025. Final yr the Fee and the three nations—the Baltic Sea neighborhood of Estonia, Latvia and Lithuania—signed a declaration to fast-track the mixing by practically a yr in comparison with what was agreed underneath a political declaration in 2018.
The brand new declaration additionally entails Poland. The grid migration plan for the Baltic states will use a brand new venture linking the facility provide techniques of Lithuania and Poland, referred to as the Concord Hyperlink Interconnector.
“The three Baltic States are the final remaining EU Member States with electrical energy networks which are nonetheless synchronized with Russia and Belarus”, the Fee stated in an announcement December 24, 2023, saying the signing of the brand new declaration. “Their synchronization is a strategic venture of widespread curiosity.
“Over the previous 12 years, it has acquired vital political, technical, and monetary EU help exceeding EUR 1.2 bn [$1.3 billion] price of grants”.
The assertion added, “Beneath the political declaration, the Member States involved additionally dedicated to dashing up the event of the ‘Concord Hyperlink Interconnector’, some of the vital vitality infrastructure tasks between Lithuania and Poland”.
Concord Hyperlink is a submarine line about 330 kilometers lengthy (205.1 miles) utilizing a high-voltage direct present cable that will join Poland’s Zarnoviec substation and Ltihuania’s Darbėnai substation. The second energy interconnection between Lithuania and Poland after the LitPol venture (operational since 2016), Concord Hyperlink is predicted to be accomplished 2028.
To contact the creator, e-mail jov.onsat@rigzone.com
