EU throws €2.3bn at gas, power connections

The European Commission cleared €2.3 billion from the EU's five-billion euro economic stimulus package to help finance 43 pipeline and electricity projects. The decision granted €0.91 billion for 12 electricity interconnection projects and €1.390 billion for 31 gas pipeline projects. The funding decision followed the approval last December of a series of offshore wind and carbon capture and storage projects that will receive €1.565 billion from the EU's €5bn stimulus package ...

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