EU invests €650 million in cross-border hydrogen and electricity infrastructure projects
Spain is the EU member state receiving the most funding for cross-border electricity projects, while Germany is emerging as the frontrunner in hydrogen initiatives. Meanwhile, the European Commission is expected to launch its next call for proposals on energy infrastructure between April and June.
Fourteen cross-border electricity and hydrogen projects were awarded €650 million from the European Commission on Wednesday as part of the bloc's plan to modernise ageing grid infrastructure and maximise the use of clean power.
The European Commission has allocated €650 million to 14 cross-border electricity and hydrogen projects as part of its strategy to modernize aging grid infrastructure and maximize the use of clean energy. Spain is set to receive €180 million for the Aguayo hydroelectric power plant, while Poland, Estonia, Latvia, and Lithuania will jointly receive €112 million to enhance Baltic cooperation. Romania and Bulgaria will receive €103 million to modernize their electricity infrastructure. Germany leads in hydrogen projects, with a Gronau-Epe REW-led storage infrastructure project receiving €120.11 million. The funds will support grid infrastructure and renewable energy projects to boost solar and wind power, contributing to the EU's energy sovereignty.
0 Comments