The European Investment Bank (EIB) has announced a €1.6 billion investment in a major energy infrastructure project connecting Spain and France. The financing will support the development of the 2.2 gigawatt (GW) electricity interconnector, a critical link aimed at enhancing cross-border power exchange, bolstering grid stability, and accelerating the integration of renewable energy across the two countries. This strategic move underscores the EU’s commitment to building a more resilient and sustainable energy network in line with its climate and energy goals.
EIB Boosts Cross-Border Energy Capacity with Major Spain France Interconnector Investment
The European Investment Bank (EIB) has committed a landmark €1.6 billion to enhance the energy infrastructure between Spain and France. This substantial investment is directed towards the development of a 2.2GW cross-border interconnector, aimed at significantly boosting capacity and reliability in energy transmission across the…
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Author : Caleb Wilson
Publish date : 2025-06-17 20:33:00
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