This call for proposals aims to enable projects of common interest to be prepared and implemented within the framework of the trans-European networks policy in the energy sector. In particular, the call shall contribute to supporting energy infrastructure projects of common interest that have significant societal benefits and that ensure greater solidarity among Member States, but which do not receive adequate financing from the market. Special focus shall be placed on the efficient use of public investment.
It is expected that the financial assistance contributes to the further development and implementation of projects of common interest in electricity (including smart grids), gas and cross-border carbon dioxide networks helping to achieve the broader energy policy objectives of:
– Increasing competitiveness by promoting the further integration of the internal energy market and the interoperability of electricity and gas networks across borders;
– Enhancing the Union security of energy supply;
– Contributing to sustainable development and protection of the environment, inter alia by the integration of energy from renewable sources and by the development of smart energy networks and carbon dioxide networks.