Dutch energy network operator Enexis has secured a €500m ($570m) financing facility from the European Investment Bank (EIB) to support its 2026 electricity grid investment programme.
The funding will be used for the expansion, reinforcement and renewal of power infrastructure across the provinces of Groningen, Overijssel, Drenthe, North Brabant and Limburg
It comes as part of efforts to address growing pressure on the electricity network caused by the increase in renewable energy sources such as solar and wind, as well as rising demand from households, businesses and electric vehicles. The project covers works involving approximately 2,800km of medium-voltage cables and a further 1,800km of low-voltage cables. According to Enexis, the programme aims to increase connection capacity for renewable energy and facilitate broader electrification in residential areas, mobility, business operations and industry.
Plans include the installation of new and higher-capacity cables, additional transformer stations and digital solutions intended to enhance network management. EIB vice-president Robert de Groot said: “By reinforcing the grids in its service areas, many of which face critical capacity constraints, Enexis will boost network resilience and increase the security of the electricity grid. This will allow business, entrepreneurs and households to get the electricity they urgently need.” Enexis CFO Marjanne van Ittersum said: “The energy transition requires investments on a scale and at a pace we have not seen before.