- EU launches a €600 million funding call for cross-border energy projects, targeting grid integration across Europe.
- The initiative strengthens EU energy security and accelerates the clean energy transition.
The European Commission (EU) has launched a funding call worth €600 million ($703.59 million) to support new cross-border energy infrastructure projects across Europe. The call operates under the Connecting Europe Facility for Energy framework and targets projects already listed as Projects of Common Interest (PCIs) and Projects of Mutual Interest (PMIs).
The funding will support both studies and construction works. It will remain open until September 30, 2026, with results expected early next year.
Dan Jørgensen said the funding is necessary as Europe faces an ongoing energy crisis. He explained that strengthening energy systems and integrating markets will reduce energy costs, improve competitiveness, and increase the use of domestic renewable energy.
The EU previously adopted a new list of 235 cross-border energy projects in April 2026 under its updated Trans-European Networks for Energy regulation. These projects include electricity grids, hydrogen infrastructure, carbon transport systems, and smart gas networks.
The new PCI/PMI list includes 113 electricity and offshore grid projects, 100 hydrogen and electrolyser projects, 17 carbon transport projects, and 3 smart gas grid projects. It also includes interconnection projects linking Malta and Cyprus to mainland Europe’s gas network.
The European Commission stated that energy infrastructure investment needs will reach about €1.5 trillion between 2024 and 2040. The current project pipeline is designed to help meet that target while advancing climate neutrality goals by 2050.
The initiative also builds on earlier EU energy integration successes, including the Baltic electricity synchronisation project, which fully integrated the Baltic states into the EU power system and reduced dependence on external grids.