The European Commission (EC) has unveiled its first list of Projects of Common Interest (PCIs) and Projects of Mutual Interest (PMIs) for energy infrastructure, aligning with the European Green Deal. These cross-border endeavors aim to assist the European Union in achieving its energy and climate goals. The list includes the Italian backbone for hydrogen transport between Italy, Austria, and Germany, as well as electrical connections between Corsica, Sardinia, Sicily, and Tunisia, and CO2 transport projects.
Potential Benefits from PCIs and PMIs
PCIs are within the European Union, while PMIs connect the EU with other countries. The selected projects will benefit from simplified authorization and regulatory procedures and could receive financial support through the Connecting Europe Facility (Cef). The revision of the Trans-European Networks for Energy Regulation (TEN-E) marks the end of support for fossil fuel infrastructure and focuses on future energy infrastructures.
Projects of Future Energies
More than half of the chosen projects involve electrical networks, with numerous projects incorporating hydrogen and the electrolyzer, underscoring the importance of decarbonization. The project list will now be reviewed by the European Parliament and the Council, which have two months to accept or reject the list in its entirety.
Efficient Grids for Future Energy
The EC has published an action plan to hasten the deployment of electricity grids and increase grid efficiency. The plan aspires to tackle the primary challenges in expanding, digitalizing, and better utilizing EU electricity transmission and distribution grids. The EC has identified 14 actions under seven categories to speed up grid development in Europe. The intent is to ensure improved support for infrastructure planning, development, and operation, connecting Europe's growing renewable energy sources to the end-users.