EU to Fund Energy Grid Expansion With 9 Billion Euros, FAZ Says

The European Union plans to fund 12 energy transmission projects with 9 billion euros ($12 billion) by 2020 to integrate renewable energy generation and reduce dependence on fuel imports, Frankfurter Allgemeine Zeitung said.

The European Commission wants to cut the length of approval processes for grid projects to a maximum of three years and circumvent environmental rules in some cases while maintaining the rights of citizens, the German newspaper said, citing an internal document from the EU’s regulatory arm.

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