European Commission - PRESS RELEASES - Press release - Completing the internal energy market: €100 million released to connect European energy networks

European Commission - PRESS RELEASES - Press release - Completing the internal energy market: €100 million released to connect European energy networks
Today the Commission is opening the call for proposals under the Connecting Europe Facility (CEF) to help finance key trans-Europeanenergy infrastructure projects.
€100 million will be made available for projects aimed at ending energy isolation, eliminating energy bottlenecks and to complete the European energy market.
This European money will also act as a catalyst for securing additional financing by private and public investors.
With a total of €650 million for grants foreseen in 2015, this is the first of two calls planned for 2015.
The deadline for applications is 29 April 2015.
A decision on the selectionof proposals to be funded is expected for mid-July.
A fully interconnected market is a top priority of the Juncker Commission.
This call for proposals responds to this priority and follows up on the
Energy Union strategy and the interconnections communication adopted on 25 February 2015 (see also: fact sheet).(...)