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:
- 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
- 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: