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EU Offers $900MM in Funding for Energy Infrastructure Projects

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The European Climate, Infrastructure and Environment Executive Agency (CINEA) has issued a call for proposals for key European Union energy infrastructure projects, offering $903 million (EUR 850 million) in support.

The call for proposals is for key cross-border EU energy infrastructure projects that are included in the EU’s list of Projects of Common Interest (PCIs) and Projects of Mutual Interest (PMIs) under the revised TEN-E (Trans-European Network – Energy) Regulation (EU) 2022/869, CINEA said in a media release.

The funds come from the EU budget to co-finance studies and works for PCIs and PMIs, CINEA said. The call will open for submission on April 30 and will close on October 22, 2024.

In addition to traditional categories like electricity, smart grids, and carbon dioxide (CO2) networks, starting this year, funding is also available for hydrogen, electrolyzer, and offshore projects listed as PCI and PMI.

Projects being sought are those that support projects that pursue the goals of the European Green Deal, as well as the Paris Agreement and the EU’s 2030 climate and energy targets and long-term decarbonization objectives. 

To contact the author, email andreson.n.paul@gmail.com

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