EIB provides €35 million for smart grid development in Estonia

Financing Transmission announced Estonia Jan 18, 2025

EUR35M

Deal Value

The EIB is providing €35 million to Elering to support the development of smart grid infrastructure in Estonia.

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Counterparts (2)

Lender

company · 1 deals

Gruppo BEI is an Italian company operating in the infrastructure sector. They focus on various infrastructure projects and investments.

borrower

Elering is an Estonian transmission system operator responsible for ensuring the security of electricity and gas supply in Estonia. They manage and develop the national electricity and gas transmission networks and operate the Estonian electricity system.

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Timeline

Announced

Jan 18, 2025

Signed

Closed

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Source

www.developmentaid.org

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