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CEF Energy Info Day 7 April 2016
CEF Energy 1st CEF Call for proposals 2016
Catharina Sikow-Magny, Head of Unit European Commission DG Energy Internal Market I: Networks and Regional initiatives
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COMPETITIVE-NESS
SECURITY OF SUPPLY SUSTAINABILITY
TEN-E Guidelines Regulation (347/2013) addressing infrastructure needs in a
comprehensive way
Infrastructure is at the heart of the European energy policy
Also the backbone of the European Energy Union… And an apple of this Commission (investment oriented) eye..
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2nd list: 195 PCIs November 2015
Accelerated permit
granting
Regulatory measures
EU financial assistance
Criteria / CBA
TEN-E Guidelines Regulation +Delegated Regulations + CEF
CO2 transport E-highways Smart grids
CEF €5.35bn
Regulation 1361/2013 http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:JOL_2016_019_R_0001&from=EN
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Second List Projects of Common Interest (PCI)
Legal Basis: No 2016/89 – 19 November 2015 Tool for building well-interconnected energy networks: - - Energy Union Strategy - - 2020 Energy and Climate Strategy - - 2030 Framework for Climate and Energy - - European Energy Security Strategy - - Liquid Natural Gas (LNG) and Storage Strategy - - Communication on achieving the 10% electricity
interconnection target
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Second list of PCIs No 2016/89 – 19 November 2015
- + 108 electricity projects - + 77 gas projects - + 7 oil projects - + 3 smart grids projects • =195 PCIs
Estimated investment needs: over €100 billion
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Monitoring key to identify and tackle delays • Regional group – platform facilitating cooperation on cross-border
projects – bringing two (more) sides together "TSOs, DSOs and other operators shall co-operate with each other in order to facilitate the development of PCIs in their area"- Art 5(2)
• Also an opportunity to learn from each other • Regional groups (and ACER) monitor progress achieved by PCIs
and make recommendations to facilitate implementation of PCIs (Art 5(3))
"If a problem is not known it cannot be solved" (source: CIA)
• Possibility to organise specific support activities for PCIs;
Technical Assistance; European Coordinators (Art 6) • High Level Groups – giving more political impetus in regions that
need reinforced cooperation given a particular challenge
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Reporting on the progress - information is key • Submit an annual report on progress achieved, delays
registered – to ACER (reporting by 31 March)
• Draw up an implementation plan including a timetable for the major milestones of a project (Art 5(1)) - Transparency platform
• Keeping project websites up-to-date (Art 9(7))
• Sharing information within Regional Groups
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EFSI for PCIs – perfect match
Estimated investment needs: over €100 billion
• PCIs bankable, but considered higher risk (cross-border, regulatory, demand and supply consideration for gas)
• PCIs often L-T regulated assets – sought after by many private investors
• EFSI complementary with other financial instruments for PCIs
• Many maturing projects will provide investment opportunities in the next 2 years
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The Investment Plan for Europe
The Investment Plan for Europe covers three mutually enhancing strands:
1. Extra financing via EFSI €315 billion of extra investment 2. Improved sharing of information and knowledge:
European Investment Advisory Hub (EIAH) European Investment Project Portal (EIPP)
3. Improved investment environment potentially most important and most catalytic Energy Union Digital Single Market Capital Markets Union (CMU)
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CEF - Grants for Studies or Works
2014: First multiannual call for proposals €647 million allocated to 34 actions
2015: Second and third multiannual calls €366 million allocated to 35 actions
2016: Fourth and fifth multiannual calls €800 million available to be allocated
Budget execution follows back-loading logic of CEF, with
major spending efforts in 2017-20
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o - Delegation Agreement signed with EIB in July 2015
- Commitments already made: €89.2 million for
energy focus on Projects of Common Interest
- Phasing-in is according to schedule
- Complementary between EFSI and CEF
CEF – Financial Instrument
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d
Thank you for your attention