Regulation (EC) No 663/2009 of the European Parliament and of the Council of 13 July 2009 establishing a programme to aid economic recovery by granting Community financial assistance to projects in the field of energy
Modified by
  • Regulation (EU) No 1233/2010 of the European Parliament and of the Councilof 15 December 2010amending Regulation (EC) No 663/2009 establishing a programme to aid economic recovery by granting Community financial assistance to projects in the field of energy, 32010R1233, December 30, 2010
  • Regulation (EU) 2018/1999 of the European Parliament and of the Councilof 11 December 2018on the Governance of the Energy Union and Climate Action, amending Regulations (EC) No 663/2009 and (EC) No 715/2009 of the European Parliament and of the Council, Directives 94/22/EC, 98/70/EC, 2009/31/EC, 2009/73/EC, 2010/31/EU, 2012/27/EU and 2013/30/EU of the European Parliament and of the Council, Council Directives 2009/119/EC and (EU) 2015/652 and repealing Regulation (EU) No 525/2013 of the European Parliament and of the Council(Text with EEA relevance), 32018R1999, December 21, 2018
Regulation (EC) No 663/2009 of the European Parliament and of the Councilof 13 July 2009establishing a programme to aid economic recovery by granting Community financial assistance to projects in the field of energy CHAPTER IINTRODUCTORY PROVISIONS
Article 1Subject matterThis Regulation establishes a financing instrument entitled the European Energy Programme for Recovery (the EEPR) for the development of projects in the field of energy in the Community which, by providing a financial stimulus, contribute to economic recovery, the security of energy supply and the reduction of greenhouse gas emissions.This Regulation establishes sub-programmes to advance those objectives in the fields of:(a)gas and electricity infrastructures;(b)offshore wind energy; and(c)carbon capture and storage.This Regulation identifies projects to be financed under each sub-programme and lays down criteria for identifying and implementing actions to realise these projects.This Regulation provides for the creation of a financial facility (the facility) to support energy efficiency and renewable energy initiatives.
Article 2DefinitionsFor the purposes of this Regulation, the following definitions shall apply:(a)"carbon capture and storage" means the capture of carbon dioxide (CO2) from industrial installations, its transport to a storage site and its injection into a suitable underground geological formation for the purposes of permanent storage;(b)"eligible costs" has the same meaning as in Regulation (EC, Euratom) No 2342/2002;(c)"gas and electricity infrastructures" means:(i)all high-voltage lines, excluding those of distribution networks, and submarine links, provided that this infrastructure is used for interregional or international transmission or connection;(ii)high-pressure gas pipelines, excluding those of distribution networks;(iii)underground storage facilities connected to the high-pressure gas pipelines referred to in point (ii);(iv)reception, storage and regasification facilities for liquefied natural gas (LNG); and(v)any equipment or installations essential for the infrastructure referred to in points (i), (ii), (iii) or (iv) to operate properly, including protection, monitoring and control systems;(d)"part of a project" means any activity that is independent financially, technically or over time and which contributes to the completion of a project;(e)"investment phase" means the phase of a project during which construction takes place and capital costs are incurred;(f)"offshore wind energy" means the electric power generated from turbine engines powered by wind and situated in the sea, whether near or far from the shore;(g)"planning phase" means the phase of a project that precedes the investment phase, during which project implementation is prepared, and includes, where appropriate, feasibility assessment, preparatory and technical studies, obtaining licences and authorisations and incurring capital costs.
Article 3Budget1.The financial envelope for the implementation of the EEPR for 2009 and 2010 shall be EUR 3980000000, allocated as follows:(a)gas and electricity infrastructure projects: EUR 2365000000;(b)offshore wind energy projects: EUR 565000000;(c)carbon capture and storage projects: EUR 1050000000.2.Individual legal commitments under Chapter II implementing the budgetary commitments made in 2009 and 2010 shall be made by 31 December 2010. Individual legal commitments under Chapter IIa shall be made by 31 March 2011.3.The financial intermediaries described in Annex II shall endeavour to allocate all the funding from the Union contribution available in the facility to investment projects and to technical assistance for energy efficiency and renewable energy projects by 31 March 2014. No funding from the Union contribution shall be allocated after that date. All funding from the Union contribution not allocated by the financial intermediaries by 31 March 2014 shall be returned to the general budget of the Union. The funding from the Union contribution allocated to investment projects shall remain invested for a specified length of time that may not extend beyond 31 March 2034. The Union shall be entitled to returns on its investment in the facility throughout the lifetime of the facility, in proportion to its contribution to the facility and in accordance with its shareholder rights.
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