ISLES approved as a Project of Common Interest

On 14 October 2013, the European Commission has adopted a list of 248 key energy infrastructure projects that included ISLES. These projects have been selected by twelve regional groups established by the new guidelines for trans-European energy infrastructure (TEN-E). Carrying the label “projects of common interest” (PCI) they will benefit from faster and more efficient permit granting procedures and improved regulatory treatment.

They may also have access to financial support from the Connecting Europe Facility (CEF), under which a €5.85 billion budget has been allocated to trans-European energy infrastructure for the period 2014-20.

For a project to be included in the list, it has to have significant benefits for at least two Member States; contribute to market integration and further competition; enhance security of supply, and reduce CO2emissions.

The list of PCIs will be updated every two years. More details on the list of PCI’s is available on the EC Commission website.