January 4, 2021
The European Union’s (EU) Innovation and Network Executive Agency (INEA) has signed a grant agreement releasing EUR720 million from the Connecting Europe Facility (CEF) for the second and final stage of the Baltic Synchronisation project.
December 2, 2020
The European Investment Bank (EIB) has signed a CZK5 billion loan agreement with CEPS AS, the Czech Republic's transmission system operator (TSO), to bolster the electricity transmission infrastructure in the country, which in turn will facilitate the integration of renewables.
November 26, 2020
A restructuring process, in which Latvijas Elektriskie Tikli (LET; a company that provides monitoring and management of Latvian power transmission network assets) was unbundled from the state-owned energy company Latvenergo and merged with the Latvian transmission system operator (TSO) Augstsprieguma Tikls (AST), has been completed.
October 6, 2020
The European Union (EU) has announced EUR998 million funding for key European energy infrastructure projects under the Connecting Europe Facility (CEF). The move will provide financial aid for works and studies for ten projects.
August 1, 2020
The German multinational conglomerate, Siemens Energy, and the German software services company, Systems, Applications and Products (SAP), have announced a strategic partnership to deliver integrated, end-to-end, software solutions across product lifecycle, supply chain and asset management.
July 30, 2020
The European Bank for Reconstruction and Development (EBRD) and Ministry of Finance of Georgia have signed an agreement for EUR90 million to finance the construction of 150-km-long new transmission network and substations in the country.
July 2, 2020
The Greek Independent Power Transmission Operator (IPTO) Anexartitos Diacheiristis MetaforasIlektrikis Energeias’ (ADMIE) subsidiary—Ariadne Interconnection, and Eurobank have inked a loan agreement up to EUR400 million to finance the Crete–Attica high voltage direct current (HVDC) interconnector project in Greece.
June 16, 2020
The UK’s transmission system operator (TSO), National Grid, has secured a USD743 million green loan, supported by several export credit agencies (ECAs), to help fund the EUR2 billion Viking Link project—a high voltage direct current (HVDC) link between the UK and Denmark.
June 3, 2020
Walney Extension Limited, which owns the 659 MW Walney Extension wind farm in the Irish Sea, has signed an agreement for the sale of its transmission assets to UK-based Diamond Transmission Partners Walney Extension (Holdings) Limited.
March 9, 2020
The Dutch power transmission system operator (TSO) TenneT and the European Investment Bank (EIB) have inked a EUR250 million loan agreement for the western section of the Zuid-West 380 kV project.
March 4, 2020
The World Bank’s Board of Executive Directors has recently approved additional financing of EUR289.5 million to the Turkish grid developer Türkiye Elektrik Iletim A.S (TEIAS) for the implementation of the Renewable Energy Integration Project (REIP).
December 30, 2019
Denmark's NKT Cables has acquired the technology consulting unit from the Swedish-Swiss ABB, in a move to strengthen its research and development (R&D) department and maintain its well-built market position within innovative power cable solutions.
December 18, 2019
The Spanish infrastructure, energy and telecommunications company, Elecnor Group, and the Dutch pension fund manager, APG Group, have closed their partnership agreement, via which the two will jointly invest and develop transmission and renewable energy projects (except wind power projects) in Spain, Chile and Brazil.
December 4, 2019
The transmission system operators (TSO) of Poland and Lithuania—Polskie Sieci Elektroenergetyczne (PSE) and Litgrid respectively, have received a EUR10.29 million grant from the European Union (EU) to carry out studies for a new subsea high voltage direct current (HVDC) interconnector between the grids of the two countries (Harmony Link).
November 20, 2019
The Italian transmission system operator (TSO), Terna, and the European Investment Bank (EIB) have inked a EUR490 million loan agreement to support investments marked for improving the reliability and quality of Italy’s power transmission network.
October 29, 2019
Ukraine’s vertically-integrated power utility, Ukrenergo, has signed two key agreements for the development of the energy sector, in the framework of the “RE:THINK, Invest in Ukraine”.
October 22, 2019
The Nordic Investment Bank (NIB) has provided a loan of EUR100 million to Norway’s transmission system operator (TSO) Statnett to finance the expansion and upgrade of the grid in the country.
October 3, 2019
The Romanian national power grid operator, Transelectrica SA, has signed a EUR33.43 million financing contract for the construction of the 400 kV Gutinaș–Smârdan double-circuit overhead line (OHL).
October 2, 2019
The European Commission (EC) has given its green light for EUR530 million funding for the 700 MW Celtic Interconnector project between Ireland and France.