The French energy group EDF, which oversees 95% of the country's electricity distribution through its subsidiary Enedis, has signed a €1bn loan agreement with the European Investment Bank (EIB). The financing will support Enedis’ investment programme, which focuses on strengthening the grid’s resilience to climate change and facilitating the connection of decentralised renewable energy sources. The €1bn package, intended to cover Enedis’ financing needs for 2024 and 2025, is structured in two phases of €500m.
The second €500m tranche signed in July 2025 will cover around 40% of the investment cost for connecting 7 GW of renewable energy capacity and replacing or burying more than 2,500 kilometres of underground cables or distribution lines operated by Enedis. Currently, nearly 90% of France’s wind and solar energy production is integrated into the grid managed by Enedis.