Baltic States and Poland sign €720 million grant agreement for the Baltic Synchronisation project
Today, INEA (the Innovation and Networks Executive Agency) has signed a €720 million grant agreement with the electricity transmission system operators of Estonia, Latvia, Lithuania and Poland for the Baltic Synchronisation Project. This represents the largest amount of funding ever attributed from the Connecting Europe Facility Energy (CEF-E). The project aims to better integrate electricity grids of the Baltic States with the ones of the rest of continental Europe and ensure their energy independence from third countries. Commissioner for Energy, Kadri Simson, said: “Today’s agreement marks a decisive step in the Baltic Synchronisation process, a project of strategic European interest that needs to be completed by the end of 2025. This will ensure not only the full integration of Estonia, Latvia and Lithuania into the internal energy market, but also facilitate the take-up of renewable energy in the Baltic States and Poland, helping them achieve the European Green Deal objectives.” Following previous funding awarded in 2019 for the reinforcement of the internal grids of the Baltic States, the grant signed today will be mainly dedicated for the construction of Harmony Link – an electricity cable connecting Poland and Lithuania through the Baltic Sea. More information is available here.
