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October 5, 2020updated 06 Oct 2020 10:49am

EU states approve $1.17bn investment in energy infrastructure

European Union (EU) member states have approved the EU Commission’s proposal to invest $1.147bn (€998m) in energy infrastructure projects.

European Union (EU) member states have approved the EU Commission’s proposal to invest $1.147bn (€998m) in energy infrastructure projects.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

Funds allocated under the Connecting Europe Facility (CEF) form part of the European Green Deal plan. Ten projects will receive financial aid, with electricity and smart grid projects receiving 84% of the allocated funds.

Energy Commissioner Kadri Simson said: “These ten projects will contribute to a more modern, secure and smart energy infrastructure system, which is crucial for delivering the European Green Deal and meeting our ambitious 2030 climate targets.

“Yesterday’s decision marks a decisive step in the Baltic Synchronisation process in particular, a project of European strategic interest. These investments will help sustain the EU’s economic recovery and create jobs.”

As part of this initiative, the EU allocated $847m (€720m) to the Baltic Synchronisation Project. This will focus on better integration of electricity markets in Estonia, Latvia, Lithuania and Poland.

A CEF grant of $120m (€102m) has been allocated for the Danube Ingrid project, which will see the integration of smart electricity grids in Hungary and Slovakia.

The North Sea Wind Power Hub will receive funding of $16m (€14m) to support a study for the development of an offshore wind in the North Sea.

The Bulgaria – Serbia Interconnector project will receive $33m (€28m) to improve security of supply and diversification of gas imports in south-east Europe.

Additionally, the Porthos CO₂ transport network project will receive $120m (€102m). This will develop an open access transport network in three of Europe’s largest ports, Rotterdam, Antwerp and North Sea Port, leading to an offshore storage site in the North Sea.

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Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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