France gets €500m loan to upgrade power grid

An EU bank has agreed to provide a loan worth €500 million (£424.8m) to help France upgrade its electricity grid. The cash from the European Investment Bank (EIB) will finance seven high voltage and very high voltage power grid projects until 2016. RTE, France’s power grid owned by EDF, signed an agreement for the first […]

Spain gets €175m loan for EU interconnector

A Spanish power company has been granted a loan worth €175 million (£141 million) by the European Investment Bank (EIB) to fund an electricity interconnector between France and Spain. The project is expected to double the capacity of electricity exchange between Spain and the rest of Europe. Red Electrica de Espana and French company RTE […]