March 23, 2018
The Belgian power transmission system operator (TSO) Elia is set to acquire another 20 per cent stake in Eurogrid, the holding company above the German TSO 50Hertz.
February 5, 2018
Latvian transmission system operator (TSO) Augstsprieguma tīkls AS (AST) has purchased 16.05 per cent stake in the country’s unified natural gas transmission and storage operator Conexus Baltic Grid.
January 28, 2018
The European Union (EU), under its Connecting Europe Facility (CEF), has granted EUR680 million for eight projects in the electricity sector, of which two relate to construction works, while six are studies.
January 15, 2018
Estonian state-owned transmission system operator (TSO) Elering has entered into new loan facility agreements worth EUR200 million with local AS SEB Pank of Estonia and Finnish OP Corporate Bank plc to secure the refinancing of the current Eurobond that was issued in 2011 and will fall due on July 12, 2018.
December 20, 2017
The European Union (EU), the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), and the World Bank are providing a EUR270 million package to finance the interconnection project between Moldova and Romania.
December 20, 2017
Swedish-Swiss Company ABB and Canadian engineering services company SNC-Lavalin have signed an agreement to form a joint venture (JV) for the execution of engineering, procurement and construction (EPC) projects for electrical substations.
July 26, 2017
The European Investment Bank (EIB) has granted funding worth EUR130 million to Italy’s Terna Energy Group for the Piedmont–Savoy link between France and Italy.
July 17, 2017
Polish cable giant Tele-Fonika Kable (TFKable) is in the process of acquiring the UK’s offshore specialist JDR Cable Systems in an undisclosed deal that is subject to regulatory approval.
July 5, 2017
The European Investment Bank (EIB) has agreed to extend a seven-year loan worth EUR100 million to Belgian transmission system operator (TSO) Elia, for connecting renewable energy and integrating the European energy system.
July 3, 2017
Irish and French transmission system operators (TSOs) – EirGrid Plc and Reseau de Transport d'Electricite (RTE), have received EUR4 million from the European Commission (EC) for the Celtic Interconnector project between the two countries.
June 27, 2017
Italy’s transmission system operator (TSO) Terna Rete Italia S.p.A. has signed an agreement with the European Investment Bank (EIB) for a loan worth EUR85 million, with a maturity of 22 years.
June 5, 2017
The European Investment Bank (EIB) has announced additional funding for the ±525 kV high voltage direct current (HVDC) NordLink—the first interconnection between Germany and Norway across the North Sea.
May 24, 2017
The European Union (EU) has signed a EUR40 million grant agreement with Croatian and Slovenian transmission and distribution companies for funding for the first phase of their joint SINCRO.GRID project.
May 10, 2017
Croatian power transformer manufacturer Koncar D&ST has signed a deal to acquire a 74 per cent stake in Polish company Power Engineering Transformatory (PET).
April 17, 2017
Germany’s KfW Development Bank has extended a concession credit worth EUR125 million to Georgia’s Joint Stock Company (JSC) Georgian State Electrosystem (GSE) for power network expansion and modernisation in Georgia. The loan agreement between the two parties was signed on April 13, 2017.
April 3, 2017
The European Investment Bank (EIB) has announced a loan worth EUR350 million for the ±525 kV high voltage direct current (HVDC) NordLink, first interconnection between Germany and Norway across the North Sea.
March 27, 2017
The European Union (EU) has approved the acquisition of 49.9 per cent stake in French power transmission company Réseau de Transport d'Électricité (RTE), by Caisse des Dépôts et Consignations (CDC), a local public sector financial institution.
February 23, 2017
pean Union (EU) has allocated EUR4 million from the Connecting Europe Facility (CEF) to the Celtic Interconnector project between Ireland and France, proposed by Ireland’s and French transmission system operators (TSOs) EirGrid and Réseau de Transport d’Électricité (RTE), respectively.
December 26, 2016
German KfW Development Bank has awarded a grant of EUR1.2 million to Georgia's Joint Stock Company (JSC) Georgian State Electrosystem (GSE) for the Power Grid Enhancement Project, which aims at strengthening the transmission infrastructure in Georgia.
December 16, 2016
France's state-controlled utility Electricite de France (EDF) has signed a binding agreement with state-owned bank Caisse des Depots and its unit CNP Assurances to sell half its stake (49.9 per cent) in French power transmission company Réseau de Transport d'Électricité (RTE).