EIB supports extension of Spanish electricity distribution network

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The project financed will facilitate the connection of new users, advance network digitalization, and improve the reliability of supply / It will increase the integration of renewable energy sources into the network, contributing to the decarbonisation of the Spanish energy mix / More than 75% of the total associated investment will be rolled out in regions where per capita income is less than the EU average, thus contributing to economic, social, and territorial cohesion / The operation contributes to the REPowerEU objective of increasing the security of energy supply and reducing EU’s dependency on imports of fossil fuels

The European Investment Bank (EIB) has approved a €700 million loan to support the extension and modernization of Naturgy’s electricity... ... More: Official Press Release EIB

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EIB, financing, bank, EU, Europe, Naturgy, Spain, grid, electricity, distribution network, energy supply, energy security, renewable energy