What is the purpose of the Princess Elisabeth Energy Island, and where will it be located?

The Princess Elisabeth Energy Island is an artificial offshore electricity grid infrastructure project designed to connect future offshore wind farms to the Belgian power grid. It will be located 45 kilometres off the Belgian coast in the North Sea.

How much funding did Elia secure from the European Investment Bank for this project, and why is this loan significant?

Elia secured a €1 billion ($1.2 billion) credit facility from the European Investment Bank for the Princess Elisabeth Energy Island project. The EIB stated this is the largest loan it has ever made for an energy infrastructure project in the Benelux region, underscoring its strategic importance for unlocking next-generation offshore wind capacity, strengthening energy security, and supporting Europe’s competitiveness and sustainable energy transition.

European Investment Bank Loans Elia €1 Billion for Princess Elisabeth Energy Island

Sep 7, 2026

The European Investment Bank granted Elia a €1 billion loan for its Princess Elisabeth energy island project in the North Sea. Connecting offshore wind farms to the Belgian grid, this marks the largest EIB energy infrastructure loan in the Benelux region.

reuters

2026-09-07

European Investment Bank Loans Elia €1 Billion for Princess Elisabeth Energy Island

European Investment Bank Loans Elia €1 Billion for Princess Elisabeth Energy Island

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