Enexis receives $570m EIB loan for electricity grid programme

Dutch vigor web relation Enexis has secured a €500m ($570m) financing installation from the European Investment Bank (EIB) to enactment its 2026 energy grid concern programme.

The backing volition beryllium utilized for the expansion, reinforcement and renewal of powerfulness infrastructure crossed the provinces of Groningen, Overijssel, Drenthe, North Brabant and Limburg.

It comes arsenic portion of efforts to code increasing unit connected the energy web caused by the summation successful renewable vigor sources specified arsenic star and wind, arsenic good arsenic rising request from households, businesses and electrical vehicles.

The task covers works involving astir 2,800km of medium-voltage cables and a further 1,800km of low-voltage cables.

According to Enexis, the programme aims to summation transportation capableness for renewable vigor and facilitate broader electrification successful residential areas, mobility, concern operations and industry.

Plans see the installation of caller and higher-capacity cables, further transformer stations and integer solutions intended to heighten web management.

EIB vice-president Robert de Groot said: "By reinforcing the grids successful its work areas, galore of which look captious capableness constraints, Enexis volition boost web resilience and summation the information of the energy grid. This volition let business, entrepreneurs and households to get the energy they urgently need."

Enexis CFO Marjanne van Ittersum said: "The vigor modulation requires investments connected a standard and astatine a gait we person not seen before. This financing supports our investments successful 2026 and strengthens the diversification and flexibility of our funding.

"It enables america to proceed moving towards a reliable and future-proof energy grid, providing arsenic galore customers arsenic imaginable with entree to energy."

The backing aligns with the EIB's priorities, supporting activities that accelerate the vigor transition, nexus further renewable vigor proviso to the grid, alteration electrification and fortify the reliability of the vigor system.

Enexis operates arsenic a determination organisation strategy operator, supplying energy and state to astir 3 cardinal households and companies wrong its designated Dutch provinces.

In April 2026, EIB and Société Générale completed a €153m financing statement for the Sand Solar Project, a 137MW photovoltaic works successful Monreale and Gibellina, Sicily.

"Enexis receives $570m EIB indebtedness for energy grid programme" was primitively created and published by Power Technology, a GlobalData owned brand.