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SETIS Magazine, 
April 2017

The Connecting Europe Facility in the field of energy (CEF Energy) provides funding to infrastructure projects in electricity, natural gas and smart grids with the aim to better interconnect energy networks towards a single energy market in Europe. The programme supports the key objectives of the Energy Union by promoting further integration of the internal energy market, enhancing security of energy supply and integrating energy from renewable sources into the network. To support these objectives, the EU has made available a total budget of EUR 5.35 billion for energy projects for the period 2014-2020, of which EUR 4.7 billion is to be allocated through grants managed by the Innovation and Networks Executive Agency (INEA).

Other articles

The core objective of Ocean Energy Europe is to promote the development of ocean energy in Europe on behalf of your members. What are the main actions that you undertake in support of this objective?

With ocean energy, Europe has the opportunity to create a new, large scale industry, including jobs in the supply-chain and services industry as well as significant export opportunities. The ocean energy industry must work in partnership with the public sector to realise this vision, and Ocean Energy Europe (OEE) is the vehicle it uses to do that.

The Energy Union framework strategy, COM(2015)80, has called for an integrated governance and monitoring process to ensure that energy-related actions at all levels, from European to local, contribute to the Energy Union’s objectives.

Tell us about InnoEnergy, your vision and core objectives, and how you go about achieving these objectives? At InnoEnergy, we have a big challenge, yet a simple goal – to achieve a sustainable energy future for Europe. I am convinced that innovation is the solution. We promote innovation by bringing together ideas, products and services that challenge the status quo, along with new businesses and new people who will deliver them to market.

Ever lower renewable energy production costs are hitting the headlines on a regular basis. Technologies such as onshore wind and solar photovoltaics have gone through a lengthy path of gradual, but continuous, improvement and are today usually competitive against fossil-fuel based electricity sources, especially in areas where the resource conditions are optimal for the technologies.

The SET-Plan is a partnership at its heart: A continent-wide partnership between European governments, industry and research organisations in European countries and regions, and the European Commission. It is a partnership conceived to accelerate the energy transition by working together towards common goals.

Tell us about Marguerite, its objectives and the motivation behind the setting up of the fund.

Marguerite, also called the 2020 European Fund for Energy, Climate Change and Infrastructure, was established in 2010 with the backing of six major European financial institutions, which committed EUR 100 million each. These are Caisse des Dépôts et Consignations (France), Cassa Depositi e Prestiti (Italy), Instituto de Crédito Oficial (Spain), Kreditanstalt für Wiederaufbau (Germany), PKO Bank Polski SA (Poland) and the EIB. Three further investors, including the European Commission, have...

The Private Finance for Energy Efficiency (PF4EE) instrument, launched in 2014, is a joint agreement between the European Investment Bank and the European Commission that aims to address the limited access to adequate and affordable commercial financing for energy efficiency investments.

NER 300 is a large European funding programme for innovative low-carbon energy demonstration projects. As its name indicates, its funds do not come from the EU budget, but are generated by the sale of 300 million emission allowances of the new entrants’ reserve (NER) set up for the third phase of the EU emissions trading system.