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Šefčovič wants to improve funding for grid expansion

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Published: April 17th, 2024,
Last updated: May 28th, 2025

Cheap green electricity will only reach consumers if the grid is sufficiently expanded.

According to Commission Vice-President Maroš Šefčovič, EU funding for Europe-wide projects to expand energy networks should reach operators more quickly. „We need to find a mechanism to bring forward the funding – for example with the European Investment Bank and national development banks“, said Šefčovič on Tuesday after the informal meeting of energy ministers in Brussels.

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