US EditionFrance-Spain High Voltage Line Gets €1.6 Billion EU Bank Boost
23 Articles
23 Articles
Red Eléctrica and its French equivalent Réseau transport d'électricité (TEN) have signed an agreement with the European Investment Bank (EIB) on a loan of €1.6 billion to finance the construction of the electricity interconnection between France and the Iberian Peninsula through the Bay of Biscay. This agreement comes from the pressure exerted by Spain and Portugal on Paris, demanding a stronger connection between the neighbours of the continent…
The project through the Gulf of Bizcaia plans to increase the electricity exchange capacity from 2,800 to 5,000 megawatts in 2028 and will be the first underwater interconnection between the two countriesSpain and France advance in the electricity interconnection through the Gulf of Bizkaia in order to be in 2028 Spain is well below the level of electricity interconnection established by the European Commission. And that was one of the weak poin…
EU Investment Bank pledges €1.6bn for Bay of Biscay power link connecting Spain & France - Spain in English
The European Investment Bank (EIB) has announced a funding package of 1.6 billion euros to support a major electricity interconnection project linking France and Spain – an initiative that responds to Madrid’s calls for enhanced infrastructure following the massive blackout in April. Experts argue that the widespread power outage, which crippled the entire Iberian Peninsula on 28 April and is considered one of the most significant in Europe’s re…
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