EU set to invest €1.25 billion in cross-border energy infrastructure
The European Union is investing €1.25 billion in cross-border energy infrastructure through the Connecting Europe Facility (CEF). This is the largest funding allocation under the current CEF Energy programme and will support 41 projects. The focus is on improving electricity grids, developing hydrogen infrastructure, and expanding carbon capture and storage (CCS). This investment is part of a broader strategy to strengthen energy security, integrate energy markets, reduce reliance on fossil fuels, and enhance Europe’s overall competitiveness.
Major Areas of Investment
1. Electricity Grid Expansion
A significant portion of the funding—approximately €750 million—will be directed towards eight major electricity grid projects. The objective is to improve connectivity and enhance the capacity to incorporate renewable energy sources across Europe.