- €1 billion two-phase financing program, with €500 million now signed, to modernize France’s public electricity grid.
- Funding targets climate resilience and faster integration of decentralized renewable energy.
- Aligned with EU Green Deal and REPowerEU objectives, reinforcing Europe’s energy independence and decarbonization.
Paris and Luxembourg: Europe’s Energy Transition Gains Grid Backbone
EDF and the European Investment Bank (EIB) have formalized a €500 million ($540 million) loan agreement to strengthen and modernize France’s electricity distribution network, managed by Enedis. The facility is the first half of a €1 billion program running through 2025,
