EDF and the European Investment Bank (EIB) have signed a loan contract of €800m intended to finance part of Enedis’ current investments. These investments will be used in order to connect decentralised renewable energies and electric vehicle charging stations to mainland France’s grid during the 2022-2024 period. Enedis (part of the EDF group), the public service that manages over 95% of the French electricity distribution network with a total of 1.4 million km of distribution lines, will add 11,465 km of distribution lines thanks to this loan. The €800m loan represents 50% of the amount of Enedis' investments over the 2022-2024 period.
As of 2022, nearly 90% of the wind and solar PV energy produced in France is integrated into the distribution network managed by Enedis. As for charging stations for electric vehicles, Enedis equips condominiums, roads and motorways and plans to have 80% of condominiums equipped with charging stations by 2030 (100% in 2035).