The European Investment Bank (EIB) and Belgian high-voltage grid operator Elia concluded on July 4 a 7-year loan agreement for €100 million to finance the Stevin project, which includes bringing ashore the wind energy produced at sea and the optimal integration of the future energy-exchange with the UK (Nemo project) in the Belgian electricity network.

According to the EIB, these two projects enable both the integration of large quantities of renewable energy and an integrated European electr...

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