CROSSBOW participates in the PCI Energy Days
On 19th-20th , the European Commission is launching the PCI Energy Days in Brussels with a policy conference and exhibition dedicated to the practical implementation of Projects of Common Interest (PCIs), where CROSSBOW project participates in the exhibition area (booth 29).
The event will provide CROSSBOW with the opportunity to showcase its developments and experience on how to foster cross-border management of variable renewable energies and storage units, enabling a higher penetration of clean energies whilst reducing network operational costs and improving economic benefits of clean energies and storage units. These benefits will be achieved by fostering regional cooperation among the system operators in South Eastern Europe.
Besides, the project will introduce the 9 different tools to help the Regional Coordination Center in the region to facilitate higher RES penetration, whilst reducing operational costs for individual operators – both at transmission and distribution layers.
Over one and a half day, the participants will enjoy a series of policy conferences dealing with the most pressing issues of project implementation. Besides, The ‘PCI Garden’ will give participants the opportunity to network with project promoters, regulators and policy-makers.
The PCI Energy Days will also host the signature ceremony of the Renewables Grid Initiative’s “Marine Grid Declaration”. Increasing shares of renewables need to be integrated into the European power system to achieve the Union climate and energy targets.
According to the Ten-Year Network Development Plan (TYNDP) 2016, it is envisaged that approximately one third of the needed future power grids, among them Projects of Common Interest, could be built in the marine environment. In response to this, Renewables Gris has sponsored the “Marine Grid Declaration” – an initiative which lays out a set of principles for the development of marine grids.
What is a Project of Common Interest (PCI)?
Projects of common interest (PCIs) are key cross border infrastructure projects that link the energy systems of EU countries. They are intended to help the EU 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.
The project must have a significant impact on energy markets and market integration in at least two EU countries, boost competition on energy markets and help the EU’s energy security by diversifying sources as well as contribute to the EU’s climate and energy goals by integrating renewables. The selection process gives preference to projects in priority corridors, as identified in the Trans-European Networks for Energy (TEN-E) strategy.
PCIs may 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).