EU invests £100m into Baltic and Polish grid resilience TGS 4C

The European
Commission is allocating nearly £100 million toward the protection of electrical
infrastructure across Lithuania, Estonia, Latvia and Poland amid growing
Russian aggression.

This follows their
entest into the Continental European network in February last year, which
was done to safeguard Baltic energy security against potential cyber and
physical risks.

Operators from
these countries can obtain up to the maximum co-financing rate of 50pc
of the eligible expenses incurred during project development, with each
having access to roughly a quarter of the total funding package.

Zygimantas Vaiciunas,
Lithuanian minister of energy, declared: “We are grateful to the European
Commission for supporting our ambition to create the Baltic Sea region a
model for strengthening the security and resilience of critical energy
infrastructure across Europe.

“This funding
is the result of our consistent efforts and sets a new precedent, as until
now the European Union had no dedicated financing for the protection of
critical energy infrastructure.

“By consistently
applying the lessons learned from Ukrainian energy specialists, we are
expanding the scope of protection for our critical energy infrastructure
projects.

“We plan
to apply for further funding for resilience projects and are actively working
to ensure that a long-term EU-level instrument for financing critical energy
infrastructure protection is established.”

According to the
Lithuanian government, the legal frameworks are currently being evaluated
and efforts are being created to ensure that this initiative is appropriately
addressed during the discussions regarding the Multiannual Financial Framework
for the 2028 to 2034 period.

To access more information on subsea
cables for offshore wind and interconnector projects, as well as transmission
innotifyigence, click
here.

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