In a report approved in the plenary session, MEPs asked to get “EU” status on Energy infrastructure projects. In addition, they also asked to finance them through a EU project bonds. Among the projects suggested as a priority, those which connects energy islands with the rest of the grid, reducing network losses and single supplier dependency and integrating renewable energy sources into the network.

The report responds to the European Commission's November 2010 communication on policies and priorities for connecting energy networks and completing the EU energy market. Furthermore, the report reminds the Treaty of Lisbon has among its priorities to promote the interconnection of energy networks. So remember the interconnection target of 10% set by the European Council in Barcelona in 2002.

MEPs acknowledged that infrastructure project planning and development is mainly a task for the market, but they acknowledged that EU also has a role to play, especially in projects that are of European interest. Parliament also welcomed the Commission proposal that a national "one-stop shop" be created for each project of European interest and called for more coordination by the Commission of cross-border projects. Moreover, MEPs set out a list of criteria for selecting priority projects that meet pressing European needs, including connecting energy islands with the rest of the grid, reducing network losses and single supplier dependency and integrating renewable energy sources into the network.

With regard to the financing issue, MEPs reiterated that a properly-functioning market should provide a large share of infrastructure investment. Projects need to attract private and public investors and they should receive EU funding if, as an example, interconnect EU electricity and gas grids in isolated regions. In addition, MEPs encourage proposals to develop innovative financing instruments and back the idea of issuing common European project bonds to finance EU's major infrastructure needs.