07/09/2026
🌊⚡ Big things are happening in the North Sea.
We're providing a €1bn financing to Elia Group in order to support the second phase of the Princess Elisabeth Energy Island: an innovative project that will help bring more offshore wind energy to homes and businesses across Belgium, and beyond.
Located 45 kms off the Belgian coast, the island will act as a hub connecting offshore wind farms to the electricity grid, helping make energy supplies more reliable and supporting Europe's transition to renewable energy.
As EIB Vice-President Robert de Groot said: "Energy prices are a major concern for citizens, and a key reason for the EIB to invest in a better integrated and more resilient European energy system."
The impact goes beyond Belgium: by helping connect energy networks across borders, the project can contribute to a more connected, resilient and sustainable Europe.
Because investing in local resources leads to a more autonomous Europe tomorrow.
To learn more đź”— go.eib.org/PrincessElisabethIsland