by Kara Perconti
The European Parliament yesterday gave its green light to the guidelines for the EU energy infrastructure package, which sets out corridors for Europe-wide energy infrastructure, seeks to speed-up permits and identifies priority projects, including an offshore electricity grid in the North Sea.
“This is really a breakthrough and will give a big push to much needed infrastructure: Rather than waiting up to 12 years or longer for a permit, developers of crucial cross-border infrastructure – such as pipelines or power grids – will have a decision in about four years,” said European Commissioner for Energy, Günther Oettinger. “This will save them time and money – and will help us creating a true European market where energy systems are physically connected with each other. Consumers and companies will profit because competition keeps costs down”.
The next step is for the European Council to formally approve the regulation.