The European Commission adopted on the 18th of November 2015 a list of 195 key energy infrastructure projects - known as projects of common interest – which will help deliver Europe’s energy and climate objectives and form key building blocks of the EU’s Energy Union.
The projects – known as Projects of Common Interest (PCIs) – will enable the gradual build-up of the Energy Union by integrating the energy markets in Europe, by diversifying the energy sources and transport routes.
In addition, the PCI's adopted on the 18th of November 2015 will help bring an end to the energy isolation of some Member States. They will also boost the level of renewables on the grid, bringing down carbon emissions. PCIs benefit from accelerated permitting procedures and improved regulatory conditions and may be eligible for financial support from the Connecting Europe Facility (CEF).
A budget of €5.35 billion has been allocated to trans-European energy infrastructure under the CEF from 2014-20, helping projects of common interest to get implemented faster and making them more attractive to investors.