Source link : https://europ.info/2025/06/17/eib-commits-e1-6-billion-to-power-up-2-2gw-spain-france-energy-interconnector/
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 Pyrenees. This project is expected to facilitate increased integration of renewable energy sources, reduce bottlenecks, and promote energy market fluidity within the region.
Key benefits of the interconnector project include:
- Enhanced Energy Security: By strengthening the electricity grid, the link ensures a more stable power supply between both countries.
- Renewable Energy Integration: Accommodates growing solar and wind power generation, crucial for Europe’s green energy targets.
- Market…
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Author : Caleb Wilson
Publish date : 2025-06-17 20:33:00
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