EU Commits EUR 650 Million to Cross-Border Energy Projects, Funding Bulgaria's Smart Grids and Hydrogen Infrastructure
The European Commission has committed nearly EUR 650 million to finance 14 cross-border energy infrastructure projects, including EUR 104 million for a smart grids initiative between Bulgaria and Romania. Additionally, over EUR 176 million will enhance hydrogen infrastructure across various countries, with Bulgaria receiving EUR 4.56 million. This funding aims to modernize grid systems, boost renewable energy integration, and improve energy security within the EU.
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The European Commission will allocate nearly EUR 650 million from the Connecting Europe Facility to finance 14 cross-border energy infrastructure projects, including funding for Bulgaria. Approximately EUR 104 million will support a smart grids project between Bulgaria and Romania, modernizing transmission and distribution networks.
More than EUR 176 million will enhance hydrogen infrastructure across several countries, with Bulgaria receiving EUR 4.56 million. Spain will receive the largest share of funding for electricity projects at EUR 180 million, while Germany leads in hydrogen funding.
The funding aims to modernize grid infrastructure, increase renewable energy integration, and enhance energy security within the EU. The Commission plans to launch a new call for energy infrastructure proposals between April and June. The initiative addresses challenges posed by aging grid systems and aligns with EU goals to produce and import hydrogen by 2030.
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