EIB and Elia Transmission Belgium Partner on €650 Million Energy Island Project

The European Investment Bank (EIB) signed a €650 million green credit agreement with Elia Transmission Belgium (ETB) to support the EIB Elia Energy Transmission initiative’s initial phase of Princess Elisabeth Island, Europe’s first artificial energy island.

Situated 45 km off the Belgian coast, the island will play a crucial role in Europe’s shift to renewable energy by linking sizeable offshore wind farms in the North Sea to the mainland grid.