Today, the Commission has granted 235 cross-border energy projects the status of Projects of Common Interest (PCIs) and Projects of Mutual Interest (PMIs) – the second such list since its launch in 2023. The selected projects will be eligible to apply for EU financing from the Connecting Europe Facility and will benefit from expedited permitting and regulatory processes for swift execution and delivery.

These cross-projects will strengthen energy connectivity across the continent, bringing nearer the completion of the Energy Union.  By allowing vital interconnections across the EU and with neighbouring countries, these projects can play a strategic role in increasing EU's competitiveness, decarbonisation, and enhancing Europe's energy security and independence.

According to a recent Commission study, investment needs in European energy infrastructure - electricity, hydrogen, and CO2 networks - will near €1.5 trillion from 2024 to 2040. This project lineup and the related expected investments volumes will contribute to reaching the needs identified for 2040.