EIB Invests €1.6 Billion in Spain-France Power Interconnector
Project aims to enhance cross-border electricity exchange capacity
The European Investment Bank has announced a €1.6 billion investment to support the construction of the Bay of Biscay interconnector, a 400-kilometer project aimed at increasing the electrical exchange capacity between France and Spain by 2.2 gigawatts.
The initiative seeks to strengthen energy security and integration within the European grid.