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European subsidies for Belgian energy projects

by AI | 30.Jan 2025 | Europe in brief AI

The European Commission announced on Thursday 1.25 billion euros in grants for cross-border energy projects. Among others, the project of the undersea power cable between Belgium and Denmark will receive funds.

An offshore wind farm in the North Sea (Photo: Ole Berg-Rusten/NTB/dpa)

The Commission selected a total of 41 projects, mainly for studies. The largest portion, amounting to 645 million euros, goes to the Danish energy island of Bornholm. Additionally, 21.8 million euros is allocated for Triton, the subsea cable that is to bring electricity from Danish wind farms to Belgium.

The subsidies come from the Connecting Europe Facility, the fund with which the European Union supports cross-border infrastructure projects. It was the largest application round in the current program for energy, both in terms of applications and budget. It is also the first time that offshore electricity networks and hydrogen projects were selected.

Thus, the Commission also reserves a smaller envelope of 8 million euros for Amplifhy, a project for an ammonia terminal and cracker in the Port of Antwerp. An international project for CO2 capture and storage (EU2NSEA), in which the Zeebrugge hub is to play an important role, receives 13.8 million euros.