NewEnergyNews: EU TO SPEND BIG ON TRANSMISSION

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    Sunday, October 30, 2011

    EU TO SPEND BIG ON TRANSMISSION

    EC confirms €9.1 billion energy plans
    James Quilter, 19 October 2011 (Windpower Monthly)

    "The European Commission has confirmed a €9.1 billion investment in the EU’s energy transmission networks, as part of a €50 billion infrastructure package…The 2014-20 budget plans will include new grid connections to accommodate the rapid growth of onshore and offshore wind power.

    "Under the draft budget, €9.1 billion is allocated for the creation of energy priority corridors to improve the flow of electricity, gas and oil…"


    The ultimate plan (click to enlarge)

    "…[This is] an enormous increase on the €163 million earmarked for energy infrastructure in the current budget…[but] it was unclear how much of it would be allocated for wind energy…"

    [Christian Kjaer, chief executive, European Wind Energy Association:] "While [the €9.1 billion] is a substantial increase in funding for what has been for a long time under-funded, it remains to be seen how this pot of money will be divided up between electricity, gas, oil and carbon capture and storage (CCS) infrastructure projects…The inclusion of CCS — a technology still not commercially viable and one for which the infrastructure needs are unknown — is strange in itself."

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