Financing of energy infrastructure by the European Union
The transition of Europe to a clean and modern economy is an objective of the European Union and a priority of the Juncker Commission. To achieve this goal, it is necessary to adapt European infrastructure to the future needs of the energy system.
Proper interconnection of electricity lines and gas pipelines is the backbone of an integrated European energy market based on the principle of solidarity.
A fully interconnected European energy market will contribute:
- improve security of supply in Europe,
- will reduce dependence on individual suppliers and
- will give consumers more choices.
It is also an important factor for the development of renewable energy sources and the fulfillment of the commitments made by the European Union under the Paris Climate Change Agreement.