EU Invests Over €1.2 Billion in Cross-Border Energy Infrastructure to Strengthen the Energy Union

The European Commission has announced an unprecedented €1.25 billion investment in 41 cross-border energy infrastructure projects under the Connecting Europe Facility (CEF), reinforcing the EU’s Energy Union and green transition. These projects, designated as Projects of Common Interest (PCIs) and Projects of Mutual Interest (PMIs) under the Trans-European Networks for Energy (TEN-E) policy, will play a crucial role in enhancing energy security, integrating renewable sources, and boosting Europe’s competitiveness.

Key Investments:

  • Electricity Infrastructure: Nearly €750 million will support eight projects, including the Bornholm Energy Island (€645 million) – a first-of-its-kind hybrid interconnector integrating 3 GW of offshore wind capacity between Denmark and Germany.
  • Hydrogen Infrastructure: Over €250 million will fund 21 studies, advancing Europe’s hydrogen backbone and storage projects, including the BarMar-H2Med project between Spain and France.
  • CO₂ Transport and Storage: €250 million will finance three construction projects and nine studies, supporting the EU’s Net Zero Industry Act goal of achieving 50 million tonnes of annual CO₂ injection capacity by 2030. Notable projects include the Prinos storage facility in Greece (€120 million) and the North Sea L10 CO₂ storage facility in the Netherlands (€55 million).

This funding marks the largest CEF Energy call to date, exceeding its initial €850 million budget and reflecting the EU’s commitment to decarbonizing energy systems and enhancing energy resilience. Following the Member States’ approval on 28 January 2025, grant agreements will be finalized in the coming weeks by the European Climate, Infrastructure, and Environment Executive Agency (CINEA).

 For more details, visit:  EU invests over €1.2 billion in cross-border infrastructure

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