Tag Archive for 'PCI'

TenneT, Statnett and KfW Sign NordLink Cooperation Agreement for Joint Investment in First German-Norwegian Interconnector

By signing the ownership agreement for the NordLink interconnector between Germany and Norway, partners TenneT, Statnett, and KfW IPEX-Bank have made the final investment decision for the project, KfW reports. The 623 km HVDC link with a capacity of 1,400 MW will be the first direct connection between the two countries. The cable shall further the integration of the power markets and help integrate the increasing renewable energy production by allowing the exchange of power, thereby increasing the security of supply.

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Council Meeting Discusses European 2030 Climate and Energy Strategy, Reviews 2020 Strategy and Adopts Conclusions on Internal Energy Market and ILUC

At the EU Council meeting on energy yesterday in Brussels, Council held a policy debate on the 2030 Climate and Energy framework. Following-up on the October European Council conclusions, the Council discussed a mid-term review of the Europe 2020 strategy and adopted conclusions on the completion of the internal energy market as well as its position at first reading on the draft directive on indirect land-use change (ILUC). One aspect of the debate was to explore the potential of energy and climate sector to attract investments in the framework of Commission President Juncker’s proposed EUR 315 billion investment plan.

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European Commission Adopts List of 248 Key Energy Infrastructure Projects

Today, the European Commission has adopted a list of 248 key energy infrastructure projects. These “projects of common interest” (PCIs) shll benefit from accelerated planning procedures (e.g. a 3.5 years’ time limit for granting of permits) and improved regulatory conditions, with costs allocated to the countries that benefit most from a completed project, the Commission said.

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