A record 11.6 billion euros was devoted to grids and storage projects, supporting the security of the power supply. It is estimated that the financing signed last year will help construct or upgrade 56,000 kilometres of power lines, from the landmark Bay of Biscay interconnector between the Iberian Peninsula and France, through an underwater cable connecting two regions in central Italy, to local grids and municipal power infrastructure in Germany.
EIB Group financing backed one fifth of all newly installed solar capacity, one in three new onshore wind projects, as well as the vast majority of all offshore wind projects in 2025. Tailored financing products supported the EU’s wind and grids manufacturing industries, while record high investment volumes in energy efficiency are expected to lower bills for small and medium-sized companies and households. EIB Group financing supported around one third of the total energy transition investment in the EU last year.
“Europe is a superpower, and we must punch our weight and believe in our capabilities” said EIB Group President Nadia Calviño. “The EIB Group is making a difference. Investing in shared prosperity, security, strategic autonomy and European values, so Europe delivers on its promises to citizens and partners.”
For additional information:
