POWER ENGINEERING - The European Commission has earmarked €1.25bn ($1.63bn) for carbon capture and storage projects, €500m for offshore wind projects and €1.75bn for gas and electricity interconnection projects. According to EuroPolitics, electricity interconnection projects get a total of €705m. This includes €100m for Estlink-2, between Estonia and Finland, and €175m for the interconnection between Sweden and the Baltic states as well as strengthening the Baltic grid.
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