Council and Parliament reach provisional agreement on revised rules for cross-border energy projects to boost green and climate-neutral investments

Negotiators of the Council of the EU and the European Parliament have reached a provisional political agreement on the revision of the Trans-European Networks for Energy (TEN-E) Regulation, contributing to the EU’s climate objectives and the Green Deal.

The revised rules set the criteria and methodology for selecting energy projects of common interest (PCIs), such as high-voltage transmission lines, pipelines, energy storage facilities or smart grids, which would benefit from fast-track administrative procedures and be eligible to receive EU funds. The agreement also makes sure that in the future, no new fossil fuel projects will receive funding from the Connecting Europe Facility, as such ensuring new projects invest in a green a