The European Investment Bank has pledged an impressive $1.84 billion to the France-Spain power link project, a strategic investment aimed at strengthening grid stability and protecting both countries from future blackouts following recent disruptions
The European Investment Bank has greenlit a substantial €108 million loan to Iberdrola, paving the way for an exciting upgrade of its pumped hydro storage facilities in Spain. This strategic investment is set to significantly boost renewable energy integration and strengthen the nation’s ambitious energy transition initiatives.
