
France, Spain Subsea Power Link Project Secures $1.8B EIB Loan
The European Investment Bank (EIB) has committed EUR 1.6 billion ($1.84 billion) in loans for a subsea project that would increase the power exchange capacity between Spain and France from 2,800 megawatts (MW) to 5,000 MW. Stretching 400 kilometers (248.55 …