From ESS News
The European Commission has awarded nearly €650 million from the Connecting Europe Facility (CEF) to 14 cross-border energy infrastructure projects aimed at strengthening security of supply, boosting renewable energy integration, and improving the interconnection of Europe’s electricity systems. The call for proposals – linked to the first list of Projects of Common Interest (PCIs) and Projects of Mutual Interest – exceeded the initial €600 million budget.
Of the total funding, approximately €470 million has been allocated to six electricity infrastructure projects, including smart grid initiatives.
The largest single grant has been awarded to Spain: €180 million for the Aguayo II project, a pumped-storage hydroelectric plant designed to increase energy storage capacity and support renewable energy integration.
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