The European Union has designated the project as a Project of Common Interest (PCI). A PCI is an infrastructure project that supports the operations of energy systems of EU countries. It gives the project a higher status and streamlines the permitting and consenting process.
In 2019, Silvermines Hydroelectric Power Station entered the 4th PCI list number 2.29 and retained its designation as a PCI through to the 6th List PCI number 1.13 Hydroelectric Power Station Silvermines (IE) under the Trans-European Networks for Energy (TEN-E) Regulation 2022/869.
Silvermines Hydro is considered important for improving the European energy market and helping the EU meet its energy and climate targets.
As a PCI, Silvermines Hydro has access to financial support from the Connecting Europe Facility (CEF), a fund to develop Europe’s energy, transport and digital networks.
The EU’s Connecting Europe Facility (CEF) awarded Silvermines Hydro €4.3 million in 2023 to co-fund important environmental and design studies for project permitting.
Co-Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or CINEA. Neither the European Union nor CINEA can be held responsible for them.
Updated: October 2024
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