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EIB and Prysmian Sign €450 Million Finance Contract for Renewable Energy Transmission

By 2 Mins Read
Credit: Prysmian

The European Investment Bank (EIB) and Prysmian have signed a €450 million finance contract to enhance electricity transmission and distribution in Europe, addressing the increasing demand for renewable energy, particularly offshore wind. Prysmian will utilize the EIB funds to establish new production lines for extra-high-voltage submarine cables, high-voltage onshore cables, and other technical improvements to

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