EIB Grants €220M to WEMAG to Modernize German Power Grid
The European Investment Bank finances German regional operator WEMAG to adapt its electrical infrastructure to the growth of photovoltaics and electromobility in Mecklenburg-Western Pomerania.
| Countries | Allemagne |
|---|---|
| Sector | Réseaux électriques |
| Theme | Investissements & Transactions |
The European Investment Bank (EIB) has signed a €220M financing agreement with WEMAG, a German regional energy operator. This loan will cover, according to the company, more than one-third of planned investments in the power grid over the next four years. The signing ceremony was attended by Manuela Schwesig, Minister-President of Mecklenburg-Western Pomerania, and Nicola Beer, EIB Vice-President.
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