EU grants €720m to a new Baltic electric interconnection project

5 Oct 2020

EU Member States have agreed with the European Commission’s proposal to invest €998m from the Connecting Europe Facility (CEF) programme in major European energy infrastructure projects aimed at improving competitiveness, enhancing the EU’s security of energy supply, and promoting safe, secure and efficient network operations.

A large part of the funding (€720m) will be directed to the phase II of the Baltic synchronisation process, covering 75% of the investment costs. The second phase of the project encompasses the construction of the new submarine HDVC link between Lithuania and Poland, also known as Harmony link. In 2018, Poland and the three Baltic countries agreed on the deadline for concluding synchronisation of the Baltic grid by 2025. The technical scenarios were approved by the Baltic Energy Market Interconnection Plan (BEMIP) in 2018. In 2019, the European Commission awarded a €323m grant for the first phase of the project about Baltic synchronisation.

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