Prysmian secures €300 million EIB financing to boost R&D through 2028
The European Investment Bank approved €300 million in financing for Prysmian to fund European R&D from 2025–2028. Prysmian has signed the first €200 million tranche to develop high-performance, low-emission cable solutions that improve power and telecom network reliability, resilience, security, and sustainability.
Nexans secures €250 million from EIB for projects that include new plant in France
Nexans has secured €250 million in financing from the European Investment Bank, with over €90 million dedicated to a new copper production and recycling plant at its historic Lens site that will lift wire output by more than 50% and recycle up to 80,000 metric tons of copper annually by 2028. The Lens facility, already France’s only copper rod foundry, is central to France 2030 and REPowerEU goals and will increasingly supply Nexans’ cable output with on-site recycled copper while additional EIB funds support upgrades at other European plants for offshore wind, interconnectors, and low‑carbon cables.