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CEF Energy Info Day 7 April 2016 CEF Energy 1 st CEF Call for proposals 2016 Catharina Sikow-Magny, Head of Unit European Commission DG Energy Internal Market I: Networks and Regional initiatives

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Page 1: CEF - Energy · 4/7/2016  · CEF Energy Info Day 7 April 2016 CEF Energy 1st CEF Call for proposals 2016 . Catharina Sikow-Magny, Head of Unit European Commission . DG Energy . Internal

CEF Energy Info Day 7 April 2016

CEF Energy 1st CEF Call for proposals 2016

Catharina Sikow-Magny, Head of Unit European Commission DG Energy Internal Market I: Networks and Regional initiatives

Page 2: CEF - Energy · 4/7/2016  · CEF Energy Info Day 7 April 2016 CEF Energy 1st CEF Call for proposals 2016 . Catharina Sikow-Magny, Head of Unit European Commission . DG Energy . Internal

COMPETITIVE-NESS

SECURITY OF SUPPLY SUSTAINABILITY

TEN-E Guidelines Regulation (347/2013) addressing infrastructure needs in a

comprehensive way

Infrastructure is at the heart of the European energy policy

Also the backbone of the European Energy Union… And an apple of this Commission (investment oriented) eye..

Page 3: CEF - Energy · 4/7/2016  · CEF Energy Info Day 7 April 2016 CEF Energy 1st CEF Call for proposals 2016 . Catharina Sikow-Magny, Head of Unit European Commission . DG Energy . Internal

2nd list: 195 PCIs November 2015

Accelerated permit

granting

Regulatory measures

EU financial assistance

Criteria / CBA

TEN-E Guidelines Regulation +Delegated Regulations + CEF

CO2 transport E-highways Smart grids

CEF €5.35bn

Regulation 1361/2013 http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:JOL_2016_019_R_0001&from=EN

Page 4: CEF - Energy · 4/7/2016  · CEF Energy Info Day 7 April 2016 CEF Energy 1st CEF Call for proposals 2016 . Catharina Sikow-Magny, Head of Unit European Commission . DG Energy . Internal

Second List Projects of Common Interest (PCI)

Legal Basis: No 2016/89 – 19 November 2015 Tool for building well-interconnected energy networks: - - Energy Union Strategy - - 2020 Energy and Climate Strategy - - 2030 Framework for Climate and Energy - - European Energy Security Strategy - - Liquid Natural Gas (LNG) and Storage Strategy - - Communication on achieving the 10% electricity

interconnection target

Page 5: CEF - Energy · 4/7/2016  · CEF Energy Info Day 7 April 2016 CEF Energy 1st CEF Call for proposals 2016 . Catharina Sikow-Magny, Head of Unit European Commission . DG Energy . Internal

Second list of PCIs No 2016/89 – 19 November 2015

- + 108 electricity projects - + 77 gas projects - + 7 oil projects - + 3 smart grids projects • =195 PCIs

Estimated investment needs: over €100 billion

Page 6: CEF - Energy · 4/7/2016  · CEF Energy Info Day 7 April 2016 CEF Energy 1st CEF Call for proposals 2016 . Catharina Sikow-Magny, Head of Unit European Commission . DG Energy . Internal

Monitoring key to identify and tackle delays • Regional group – platform facilitating cooperation on cross-border

projects – bringing two (more) sides together "TSOs, DSOs and other operators shall co-operate with each other in order to facilitate the development of PCIs in their area"- Art 5(2)

• Also an opportunity to learn from each other • Regional groups (and ACER) monitor progress achieved by PCIs

and make recommendations to facilitate implementation of PCIs (Art 5(3))

"If a problem is not known it cannot be solved" (source: CIA)

• Possibility to organise specific support activities for PCIs;

Technical Assistance; European Coordinators (Art 6) • High Level Groups – giving more political impetus in regions that

need reinforced cooperation given a particular challenge

Page 7: CEF - Energy · 4/7/2016  · CEF Energy Info Day 7 April 2016 CEF Energy 1st CEF Call for proposals 2016 . Catharina Sikow-Magny, Head of Unit European Commission . DG Energy . Internal

Reporting on the progress - information is key • Submit an annual report on progress achieved, delays

registered – to ACER (reporting by 31 March)

• Draw up an implementation plan including a timetable for the major milestones of a project (Art 5(1)) - Transparency platform

• Keeping project websites up-to-date (Art 9(7))

• Sharing information within Regional Groups

Page 8: CEF - Energy · 4/7/2016  · CEF Energy Info Day 7 April 2016 CEF Energy 1st CEF Call for proposals 2016 . Catharina Sikow-Magny, Head of Unit European Commission . DG Energy . Internal

EFSI for PCIs – perfect match

Estimated investment needs: over €100 billion

• PCIs bankable, but considered higher risk (cross-border, regulatory, demand and supply consideration for gas)

• PCIs often L-T regulated assets – sought after by many private investors

• EFSI complementary with other financial instruments for PCIs

• Many maturing projects will provide investment opportunities in the next 2 years

Page 9: CEF - Energy · 4/7/2016  · CEF Energy Info Day 7 April 2016 CEF Energy 1st CEF Call for proposals 2016 . Catharina Sikow-Magny, Head of Unit European Commission . DG Energy . Internal

The Investment Plan for Europe

The Investment Plan for Europe covers three mutually enhancing strands:

1. Extra financing via EFSI €315 billion of extra investment 2. Improved sharing of information and knowledge:

European Investment Advisory Hub (EIAH) European Investment Project Portal (EIPP)

3. Improved investment environment potentially most important and most catalytic Energy Union Digital Single Market Capital Markets Union (CMU)

Page 10: CEF - Energy · 4/7/2016  · CEF Energy Info Day 7 April 2016 CEF Energy 1st CEF Call for proposals 2016 . Catharina Sikow-Magny, Head of Unit European Commission . DG Energy . Internal

CEF - Grants for Studies or Works

2014: First multiannual call for proposals €647 million allocated to 34 actions

2015: Second and third multiannual calls €366 million allocated to 35 actions

2016: Fourth and fifth multiannual calls €800 million available to be allocated

Budget execution follows back-loading logic of CEF, with

major spending efforts in 2017-20

Page 11: CEF - Energy · 4/7/2016  · CEF Energy Info Day 7 April 2016 CEF Energy 1st CEF Call for proposals 2016 . Catharina Sikow-Magny, Head of Unit European Commission . DG Energy . Internal

o - Delegation Agreement signed with EIB in July 2015

- Commitments already made: €89.2 million for

energy focus on Projects of Common Interest

- Phasing-in is according to schedule

- Complementary between EFSI and CEF

CEF – Financial Instrument