European energy infrastructure opportunities

Projects of Common Interest connecting Europe

Introduction

The European Union (EU) has set objectives to achieve a number of energy targets including the reduction of CO2 emissions and raising the share of the EU's energy consumption produced from renewable resources - the 20-20- 20 targets. In order to achieve these and to continue building a fully internal market whilst also bringing renewable energy from where it is generated to where it is needed and providing additional sources of gas, the EU28 need to be sufficiently connected. To upgrade existing and to build new interconnectors, substantial investments are needed and it is estimated that at least €200 billion is required over the next six years.