EU Invests 647 Million Euros in Key Energy Projects

EU Invests 647 Million Euros in Key Energy Projects

EU Member States agreed Wednesday to allocate EUR 647 to support priority infrastructure projects.
The bulk of the support goes to gas projects in the Baltic region as well as in Central Eastern and Southeastern Europe, according to a media statement of the European Commission.
Funding will come from an EU program called the Connecting Europe Facility (CEF).
The supported projects are to increase Europe's energy security and help end the isolation of Member States from EU-wide energy networks.
The projects will also contribute to the completion of a European energy market and the integration of renewables to the electricity grid.
 
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