Elia lands €1B EIB credit line for world-first energy island
What's the deal? Belgian grid operator EliaDealroom has a profile for this one. Try Dealroom → has secured a €1 billion credit line from the European Investment Bank to fund Princess Elisabeth Island, an artificial energy island being built off the Belgian coast. The financing is structured as project and infrastructure finance rather than equity.
Why it matters: The European Investment Bank says it is the largest credit line the bank has ever granted to a single energy project. That distinction underscores both the scale of the build and Elia's standing among European grid operators.
What's the endgame? The money supports development of Princess Elisabeth Island, an artificial island designed to serve as an offshore hub connecting future North Sea wind farms to the Belgian mainland grid.
The signal: Large, single-project infrastructure financing at this size points to how far state-backed lenders are willing to go on Europe's offshore energy buildout — and positions Elia at the centre of that shift.
