Europacable welcomes “Third State of the Energy Union Report” and 3rd PCI list

On Friday, DG Energy published the “Third State of the Energy Union Report” as well as the 3rd PCI list. Raul Gil, Chairman of the Europacable Energy Team, welcomes this publication:

“Europacable congratulates the European Commission on this Communication. By clearly defining the path forward, the Commission leads the way to truly interconnect Europe. Important aspects such as the CBA and the lack of public acceptance of projects will need to be addressed specifically. The European cable industry is ready to deliver so that projects get realised on time.”

The Commission highlights the need for more grids to truly interconnect Europe:

  • Well interconnected and integrated trans-European grids are indispensable for making the energy transition a success”;
  • It is estimated that up to 2030 about 180 bn euro in investments are needed to upgrade and expand European energy networks”.

Whilst the Commission believes that considerable achievements have been made in interconnecting Europe, bottlenecks remain particularly in the field of electricity. To overcome these, the Commission adopted:

  1.  A Communication on strengthening Europe´s energy networks, including elaborations on the the 2030 electricity interconnection target of 15 % which is to be operationalised through a set of additional and more specific thresholds as developed by the Expert Group on Interconnection Targets; and
  2. The 3rd PCI list, now including 106 electricity transmission and storage projects, 4 smart grids, 53 gas projects, 6 oil projects and 4 cross-border carbon dioxide network projects, i.e. a total of 173 PCIs.

Europacable will continue to work with all relevant actors to ensure that this blueprint actually turns into reality. Europacable member companies are fully committed and ready to deploy high-quality underground and submarine cables to ensure the timely delivery of the projects.

Please find the documents here below:

thumbnail of annex_to_pci_list_final_2017_en   thumbnail of communication_on_infrastructure_17