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The European Investment Bank (EIB) has approved a USD 327 million (EUR 300 million) financing package for Prysmian to support its research and development activities across Europe between 2025 and 2028. The first tranche of USD 218 million (EUR 200 million) has been signed.

The financing will help Prysmian advance high-performance, low-emission technologies aimed at reinforcing energy and communication networks. The R&D programs focus on improving the reliability, resilience, and security of power and telecom systems while contributing to a reduction in carbon emissions. The funds will support activities across Prysmian laboratories in Italy, France, Germany, the Netherlands, and Spain.

The agreement aligns with the EU’s REPowerEU strategy and complements TechEU, the USD 76 billion (EUR 70 billion) initiative launched by the EIB Group to strengthen innovation and technological leadership across Europe.

Gelsomina Vigliotti, Vice-President of the EIB, said the Bank is committed to supporting innovation that enhances network efficiency and sustainability.

Giovanni Zancan, Prysmian Finance Senior Vice President, highlighted that EIB’s renewed support underscores Prysmian’s strong credit profile and its role in advancing the energy transition and digital transformation.

Srinivas Siripurapu, Chief Sustainability, Innovation and R&D Officer at Prysmian, emphasized that EIB support will help the company move toward its target of generating 55% of revenues from sustainable solutions by 2028.

Source: prysmian.com