Connecting European Facilities (CEF) Energy
CEF Energy is an ambitious funding program launched by the European Commission to support the development of a sustainable and integrated energy market in Europe. The program aims to address the challenges of transition to renewable energy sources, the need for greater energy security, and the need to reduce greenhouse gas emissions.
Through CEF Energy, the EU provides financial support to energy infrastructure projects that promote cross-border cooperation and contribute to the achievement of the EU’s energy policy objectives. This includes projects related to electricity and gas transmission and storage, the deployment of renewable energy sources, the development of smart grids, and the improvement of energy efficiency.
One of the main objectives of CEF Energy is to promote the integration of energy markets across the EU. This involves improving the interconnection and interoperability of energy infrastructure between EU member states to ensure a reliable and efficient energy supply, enhance competition, and reduce energy costs for consumers.
Furthermore, the program also aims to enhance energy security in the EU by supporting the development of strategic energy infrastructure, such as gas pipelines and storage facilities. By diversifying energy sources and improving the resilience of the energy system, the EU can better address the challenges of energy security, including potential supply disruptions and geopolitical risks.
Another key focus of CEF Energy is to promote the deployment of renewable energy sources in the EU. This includes the development of wind and solar power, as well as other forms of renewable energy, to reduce the EU’s reliance on fossil fuels and decrease greenhouse gas emissions. Through the program, the EU provides financial support for renewable energy projects that contribute to the achievement of the EU’s renewable energy targets and promote a sustainable energy future.
To put it into a nutshell, CEF Energy is a vital program for achieving the EU’s energy policy objectives, including the transition to a low-carbon and sustainable energy system. By promoting cross-border cooperation, improving energy infrastructure, enhancing energy security, and promoting renewable energy, CEF Energy supports the development of a more integrated and sustainable energy market in Europe.
Symbios Funding & Consulting GmbH has its core competences in the energy, digital infrastructure and transport sector.
Our CEF-Energy and CEF-Digital References
