Climate conscious corporates call on EU Parliament to prioritise electricity grid investments in TEN-E revisions
Leading European corporate renewable energy buyers and sellers have sent a joint letter to the EU Parliament calling for revisions to the TEN-E Regulation to facilitate renewable electricity uptake and help deliver on the European Green Deal.
The Trans-European Networks for Energy (TEN-E) Regulation aims to assist national governments and companies in building better cross-border energy infrastructure. While TEN-E’s overall aims remain valid, updates are necessary to better align the Regulation to the EU’s revised 2030 and 2050 climate targets.
The signatories to the letter, including Amazon, Facebook, Google, Heineken, Ingka Group | IKEA, Enel Green Power, and Engie from the RE-Source Platform, call on the EU Parliament to propose revisions to the TEN-E Regulation that:
- Prioritise the deployment of smart electrification infrastructures
- Support the simplification of permitting procedures
- Fully integrate medium and low-voltage grid investments.
It is vital that corporate sourcing of renewables is enabled at the EU and national level so businesses can support a cost-effective decarbonisation of Europe’s economy. TEN-E revisions must prioritise giving Member States and network operators the means to accelerate grid build out and create a strong, modern electricity grid that is future ready.
Read the full letter here