The European Investment Bank (EIB) has committed $1.84 billion to finance a crucial power interconnection project between France and Spain, following a recent blackout that underscored the need for enhanced grid stability and cross-border energy security. The investment aims to strengthen the electricity network, improve energy flow between the two countries, and support the transition toward a more resilient and integrated European power system. This strategic move comes amid growing demands for reliable infrastructure to prevent future outages and facilitate the continent’s shift to renewable energy sources.
EIB Commits Major Funding to Enhance France Spain Power Interconnection
The European Investment Bank (EIB) has confirmed a landmark investment of $1.84 billion aimed at bolstering the electricity interconnection between France and Spain. This strategic move comes in the wake of a recent blackout that exposed vulnerabilities within the regional power grid, underscoring…
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Author : Sophia Davis
Publish date : 2025-06-16 15:17:00
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