Energy project having a “meaningful impact” on economy

The EU Commission said that the European Energy Programme for Recovery (EEPR) is contributing to the deployment of low-carbon technologies and improving the way internal energy markets work on Tuesday 21 August. The Commission's annual report praised the programme for making a "meaningful impact" on the economy. EEPR financing had provided interconnections, improved storage capacities, and brought "energy islands" closer. While the implementation of supported projects had begun in 2010, they had "gained momentum" in 2011. €1.3bn had been invested in gas infrastructure, €0.9bn in electricity infrastructure, €0.5bn in offshore wind and €1bn in carbon capture and storage (CCS). But the report said the economic and regulatory context remained "particularly challenging" for the CCS sub-programme.
EU Commission