Release date: 1 December 2025
Promoter – Financial Intermediary
PRYSMIAN SPALocation
Description
The project concerns research, development and innovation (RDI) activities in the field of medium, high and extra high voltage electricity cables and solutions, and of telecommunication cabling solutions from 2025 to 2028.
Additionality and Impact
The Project will support research, development, and innovation activities in the field of medium, high, and extra- high voltage electricity cables and solutions, and of telecommunication cabling solutions.
It aligns with the Bank's IDHC (Innovation, Digital and Human Capital) public policy goal under the Competitive Industries objective (RDI sub-objective) and contributes to Economic and Social Cohesion. By supporting RDI in medium, high and extra-high voltage cable solutions and digitalisation, the project advances Climate Action and Environmental Sustainability (CA&ES), fully aligned with the Climate Bank Roadmap and the Paris Agreement.
The Project is fully aligned with the REPowerEU framework and complements the Bank's TechEU initiative, reinforcing Europe's technological leadership in sustainable infrastructure.
The Project generates positive knowledge externalities through cooperation with suppliers, customers, scientific institutes and universities, and environmental benefits from products with lower carbon footprint. It also supports the development of skilled employment in EU cohesion regions.
The EIB Operation meets the Promoter's funding needs with long tenor funding, not easily available on the market, and diversification of sources. Beyond financing, the EIB helped to define CA&ES components and their alignment with policy objectives; the EIB shall ensure monitoring through progress reports.
Objectives
The project aims to enhance the performance, reliability, and sustainability of the promoter's medium, high, and extra high voltage cable solutions while advancing eco-efficiency and supporting digital connectivity.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 406 million
Environmental aspects
The RDI activities will be carried out in already existing and authorised research and development (R&D) facilities. The project consists of RDI activities that are not listed in any of the Annexes of the EIA Directive 2011/92/EU amended by the Directive 2014/52/EU.
Procurement
The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions.
Status
Signed - 27/11/2025