| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2013) 791 final (18.11.15) |
| Publication Date | 18/11/2013 |
| Content Type | Policy-making, Report |
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The European Energy Programme for Recovery (EEPR) provides financial support to selected, highly strategic, projects in three areas of the energy sector: gas and electricity connections, offshore wind energy and carbon capture and storage. By co-financing these projects, the programme helps the European Union to progress towards its energy and climate policy objectives: security and diversification of energy supply; completion and smooth operation of the internal energy market; and reduction of greenhouse gas emissions. Most of the budget available was allocated to 59 promoters and 61 projects in the following sub-programmes: gas infrastructure (€1363 million); electricity infrastructure (€904 million); offshore wind energy (€565 million); and carbon capture and storage (€1000 million). Overall, by the end of 2010, grant decisions and grant agreements had been made for a total amount of €3,833 million i.e. 96.3% of the total EEPR budget. An amount of €146.3 million that could not be committed to projects in these sectors by the deadline of 31 December 2010 was reallocated to a new financial facility, the European Energy Efficiency Fund (EEE-Fund), focusing on energy efficiency and renewable energy investments. Since last year's report, the implementation of the EEPR has continued progressing. A substantial number of projects are now completed; others are well on track and will be operational soon. The present report provides information on the state of play since the last report (August 2012) in qualitative terms as well as data related to the payments and the de-commitments as from the start of the programme up to June 2013, It also provides an overview of the current state of play and of the mid-term evaluation of the EEE-Fund (see the accompanying SWD). |
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| Source Link | Link to Main Source http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2013:791:FIN |
| Related Links |
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| Subject Categories | Energy |
| Countries / Regions | Europe |
