GridLink awarded PCI status by EU Commission
GridLink has been recognised as a Project of Common Interest (PCI) by the European Commission. Having been shortlisted in November 2017, the award of PCI status was confirmed by the publication of Commission Delegated Regulation No. 2018/540 of 23 November 2017 amending Regulation (EU) No 347/2013 of the European Parliament and of the Council as regards the Union list of projects of common interest in the Official Journal on 6th April 2018.
PCIs are key infrastructure projects, especially cross-border projects, that link the energy systems of European countries. They are intended to help the EU to achieve its energy policy and climate objectives: affordable, secure and sustainable energy for all citizens, and the long-term decarbonisation of the economy in accordance with the Paris Agreement. Every two years, the European Commission draws up a new list of PCIs.
To become a PCI, a project must have a significant impact on energy markets and market integration in at least two European countries, boost competition in energy markets and help the EU’s energy security by diversifying sources, and contribute to the EU’s climate and energy goals by integrating renewables. The selection process gives preference to projects in priority corridors, one of which is the Northern Seas Offshore Grid. This priority corridor includes the UK and France.
PCIs benefit from accelerated planning and permit granting, a single national authority for obtaining permits, improved regulatory conditions, lower administrative costs due to streamlined environmental assessment processes, increased public participation via consultations, and increased visibility to investors. They also have the right to apply for funding from the Connecting Europe Facility (CEF).