“This funding is a great boost for the integration of wind power in Europe and will improve the operation of Europe’s electricity markets and benefit consumers,” he added.
Funds will also be allocated to a link between Sweden and the Baltic States, the Nordbalt line, as well as to reinforce an interconnection between Finland and Estonia, Estlink-2, amongst other transmission lines.
“If we want to fully exploit the potential of renewable energies, create a truly European power market, and keep electricity prices low for consumers, we need to connect the whole of Europe,” Wilczek said. “These projects are a good start and the right way forward. Europe now needs to carry on developing the interconnectivity of its electricity grids,” concluded Wilczek.