Global Trade Alert
Global Trade Alert

European Union: EIB announced EUR 1.6 billion loan for Bay of Biscay Electricity Interconnection

Announcement

13 Jun 2025

In June 2025, the European Investment Bank (EIB) and the transmission operators of Spain and France signed a EUR 1.6 billion loan for the Bay of Biscay interconnection.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

13 Jun 2025

Revocation date:

No revocation date

Updated: 23 Jul 2025
State loan In force
On 13 June 2025, the European Investment Bank (EIB) and the French transmission operator RTE Réseau de transport d’électricité signed a EUR 735.6 million (USD 862.5 million) loan. The loan will financ...
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Updated: 23 Jul 2025
State loan In force
On 13 June 2025, the European Investment Bank (EIB) and the Spanish transmission operator Red Eléctrica signed a EUR 464.4 million (USD 544.4 million) loan. The loan will finance the construction of t...
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