How to attract more cash to the EU energy sector
President of the European Commission Jean-Claude Juncker. He has called for massive investment in the energy sector. (EP)
Tomas Gärdfors is a partner with law firm Norton Rose Fulbright. He recently completed a study on the investment potential in European energy infrastructure. In this interview he tells Interfax that the EU needs to do more work to bridge the gap between investors and project developers to encourage the huge investment needed in European energy infrastructure.
Interfax: The European Commission estimates that €200 billion ($223.3 billion) in investment is needed to upgrade European energy grids by 2020. However, the EU funds available are limited. Where is all this money going to come from?