S.3.2. The Connecting Europe Facility

D.3.2. The Connecting Europe Facility

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EC invests €873 million in infrastructure projects through CEF fund

Thursday, January 25, 2018

Seventeen projects that participated in the only CEF call in 2017, were awarded EU funding

Source: European Commission

The EU Member States and the EC agreed on the financing of 17 projects under the CEF energy call of 2017, awarding a total amount of €873 million. Of these 17 projects, nine are gas projects (representing a total of €193 million in EU funding with the majority being allocated to gas infrastructure projects in Southern EU countries) and eight relate to electricity (receiving a total of €680 million). Four of the 17 projects will be granted funds for construction works and the remaining 13 will receive funding for studies.

In the electricity sector, a grant of €578 million, the largest CEF-Energy grant ever awarded, was allocated to the construction of the Biscay Gulf France-Spain interconnection. The project, with a 280 km long offshore section, will help integrate the Iberian Peninsula into the internal electricity market. This new link will nearly double the interconnection capacity between both countries – from 2.800 MW to 5.000 MW – and will bring Spain closer than its current 6% level to reaching the 10% interconnection target.