EC ( EU ) will invest $910m ( 504 ) in the development of renewable energy infrastructure projects. The funding, which has been approved by the EU 's member states, will come from the pan-European investment fund The European Commission . According to a report published by the European Network of Transmission System Operators – ENTSO-E – the interconnection of the Baltic countries and integration of Slovakia and Czechia are among the barriers it identified for full integration of the European energy market. The commission revealed € 504 m of the package will go towards developing electricity infrastructure and smart grid projects, with € 286 m devoted to gas and the remaining €9.3m dedicated to research into transport infrastructure. A project to connect the electricity markets of continental Europe and the Baltic states will get the largest single portion of the funding, receiving €323m.
EC ( EU ) will invest $910m ( 504 ) in the development of renewable energy infrastructure projects. The funding, which has been approved by the EU 's member states, will come from the pan-European investment fund The European Commission . The commission revealed € 504 m of the package will go towards developing electricity infrastructure and smart grid projects, with € 286 m devoted to gas and the remaining €9.3m dedicated to research into transport infrastructure. A project to connect the electricity markets of continental Europe and the Baltic states will get the largest single portion of the funding, receiving €323m.