“With almost two thirds of today’s investment decision devoted to electricity, we are delivering on our promise to align EU funding with our political ambition to deliver the clean energy transition,” said commissioner for climate action and energy, Miguel Arias Cañete. The European Commission (EC) will invest €800m ($910m) 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 Connecting Europe Facility. The commission revealed €504m of the package will go towards developing electricity infrastructure and smart grid projects, with €286m devoted to gas and the remaining €9.3m dedicated to research into transport infrastructure. "The EU is committed to supporting a low-carbon future for our citizens through its investments in clean energy, including investing more than EUR 1 billion over five years in projects that support renewables such as wind
The European Commission (EC) will invest €800m ($910m) 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 Connecting Europe Facility. The commission revealed €504m of the package will go towards developing electricity infrastructure and smart grid projects, with €286m devoted to gas and the remaining €9.3m dedicated to research into transport infrastructure. "The EU is committed to supporting a low-carbon future for our citizens through its investments in clean energy, including investing more than EUR 1 billion over five years in projects that support renewables such as wind