The “Energy Union” launched by the European Commission on 25th February 2015 is driving a fundamental transition towards more innovative ways to produce, transport and consume energy, and to address different approaches to the design and implementation of energy policy. Facilitating the Union requires a range of actions, chief amongst them being an increase in the physical interconnectedness of the EU and surrounding country energy grids (both gas and electricity) to meet a 10% interconnection target by 2020 and to reach 15% by 2030.
An interconnected European energy grid is vital for Europe's energy security, for more competition in the internal market resulting in more competitive prices as well as for better achieving the decarbonisation and climate policy targets that the European Union has committed to. An interconnected grid will help deliver the ultimate goal of the Energy Union, i.e. to ensure affordable, secure and sustainable energy, and also growth and jobs across the EU.
Greenlink has been given the status of a European Union Project of Common Interest (PCI), making it one of Europe’s most important energy infrastructure projects.
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