Posts Tagged ‘harmony link’

The European Commission has released its set of proposals for helping EU members to move some of the union’s most important energy projects forward. The measures were first aired in September by Ursula von der Leyen, the commission’s president, as a way to speed up projects that can make Europe’s energy net more resilient and—consumers will like this—its power cheaper.

In addition to cutting paperwork, the European Grids Package and the Energy Highways initiative will increase the amount of funding Brussels is willing to make available to big energy projects five-fold, to €30 billion. Ms von der Leyen had already identified the Harmony Link, connecting the Baltic states to Poland, and Energy Island Bornholm, an energy project that could serve as blue-print for hugely ambitious energy projects, as two of her eight highways towards the union’s power needs. Yesterday, she put the pedal to the metal.