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European Energy Programme for Recovery
In order to remedy the effects of the financial and energy crises which affected the European economy in 2008, targeted measures should be adopted. To this end, the European Energy Programme for Recovery provides for the granting of financial assistance to the energy sector, especially for the introduction of interconnection infrastructures, energy production based on renewable sources, carbon capture and for the promotion of energy efficiency.
Regulation (EC) No 663/2009 of the European Parliament and of the Council of 13 July 2009 establishing a programme to aid economic recovery by granting Community financial assistance to projects in the field of energy. [See amending act(s)].
This Regulation is aimed at setting up a European Energy Programme for Recovery (EEPR) to fund projects in three main areas of the energy sector:
This Regulation also establishes a financial instrument, detailed in Annex II, the aim of which is to support initiatives related to energy efficiency and renewable energy.
Gas and electricity infrastructures
The programme finances interconnection projects with the following objectives:
- security and diversification of sources of energy and supplies;
- optimisation of the capacity of the energy network and the integration of the internal energy market;
- development of the network;
- connection of renewable energy sources;
- safety, reliability and interoperability of interconnected energy networks.
A list of projects eligible for EEPR assistance is given in Annex I, part A. Proposals corresponding to these projects may be submitted only by Member States and, with the agreement of the Member States concerned, by international organisations, public or private undertakings or bodies.
The European Commission selects proposals which are eligible for EEPR funding mainly on the basis of the technical, financial, environmental or socio-economic criteria laid down in the Regulation. It also determines the amount of aid to be awarded to them.
Offshore wind projects
The offshore wind projects which are eligible for funding are indicated in part B of Annex I to the Regulation. Proposals must be submitted by one or several undertakings acting jointly. They are selected on the basis of the following criteria:
- the improvement in installations and infrastructures;
- the construction of infrastructures;
- the innovative features of the project;
- the project’s contribution to the Community’s offshore wind grid system.
Carbon capture and storage
A list of projects relating to carbon capture and storage which are eligible for EEPR funding is given in part C of Annex I.
Projects must demonstrate that they have the ability to capture at least 80 % of CO2 in industrial installations. If capture takes place in a power installation, the latter must have an output equivalent to at least 250 MW. Projects may be submitted by one or several undertakings, acting jointly. They must undertake to make the knowledge generated in this field available to other undertakings.
The Commission awards the project to the undertaking which meets appropriate financial and technical criteria, as well as criteria including the complexity of the project and the level of innovation of the installation, and the soundness and adequacy of the management plan.
The financial instrument aims at supporting the development of projects related to the energy, energy efficiency and renewable energies economy. It facilitates the financing of investments by local, regional and, in sufficiently justified cases, national public administrations.
This instrument may be used for projects such as:
- the development of public and private buildings which integrate technical solutions which promote energy efficiency and renewable energies;
- investment in efficient combined heat and power;
- clean urban transport;
- energy efficient technologies.
Technical assistance may be granted to local, regional and national authorities in order to support the development of their projects.
One or several financial intermediaries are responsible for putting this instrument in place. The Commission shall ensure that the costs related to these operations are limited.
A financial envelope of EUR 3 980 million is devoted to the three sub-programmes and the financial instrument, allocated as follows:
- gas and electricity infrastructure projects receive EUR 2 267 million;
- offshore wind energy projects receive EUR 565 million;
- carbon capture and storage projects receive EUR 1 000 million;
- the financial instrument receives EUR 146 million.
This Programme is introduced in the context of the energy and financial crisis. In response to this dual crisis, in late 2008 the European Commission presented an ‘Economic Recovery Plan’, of which the European Energy Programme for Recovery is a key element.
|Act||Entry into force||Deadline for transposition in the Member States||Official Journal|
Regulation (EC) No 663/2009/EC
OJ L 200, 31.7.2009
|Amending act(s)||Entry into force||Deadline for transposition in the Member States||Official Journal|
Regulation (EU) No 1233/2010
OJ L 346, 30.12.2010
Successive amendments and corrections to Regulation (EC) 663/2009/EC have been incorporated in the basic text. This consolidated version is for reference purposes only.