The European Union is ramping up efforts to bolster cross-border energy infrastructure to alleviate expensive bottlenecks hampering the development of new power grids, according to draft documents accessed by Reuters.

Despite significant investments in low-cost renewable energy, EU countries face challenges in grid upgrades and expansion, leading to restrained wind and solar output and increased consumer costs. A central EU plan will be developed to tackle these issues, working with operators to kickstart projects, the draft reveals.

High energy prices in Europe, due to insufficient grid investment, are undermining industrial competitiveness. Proposals to change EU laws, exempt certain projects from environmental assessments, and implement time limits for permit approvals aim to expedite

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