EIB lends 100 million € to Elia for Belgian electricity network

The European Investment Bank (EIB) and Elia, the operator of the Belgian high-voltage grid, have concluded a loan agreement for 100 million euros with a tenor of 7 years. This loan will be used primarily for financing the Stevin project; this includes bringing ashore the wind energy produced at sea and the optimal integration of the future energy-exchange with the UK (Nemo project) in the Belgian electricity network.