EU to Invest €30 Billion in Energy Interconnections in Southeast Europe

The European Commission announced that Southeast Europe will be prioritized for investments of €30 billion in energy interconnections, aiming to reduce energy prices.

In response to a question from New Democracy MEP Dimitris Tsiodras, the Commission stated that the Connecting Europe Facility for Energy (CEF-E) will be strengthened to support investments in cross-border energy infrastructure.

Commissioner Dan Jørgensen noted that the CEF-E program will be reinforced with a total amount of €30 billion within the framework of the next Multiannual Financial Framework of the EU.

The package of measures aims to strengthen the planning of cross-border energy infrastructure, optimize the use of existing infrastructure, and streamline licensing procedures for networks and energy production projects from renewable sources.

Dimitris Tsiodras had emphasized the need to increase EU resources to improve energy interconnections and infrastructure in order to reduce energy prices for consumers.