📋 Tender Overview
Reference: 20240854
Release date: 1 August 2025
Promoter – Financial Intermediary
NEXANS SA
Location
France
Norway
Belgium
Sweden
Description
The loan will support Nexans' investments in research, development, and innovation (RDI) related to high-voltage (HV), medium-voltage (MV), and low-voltage (LV) power cables and connections. This includes advancements in manufacturing processes and recycling technologies across various locations in Europe. Scheduled for implementation between 2024 and 2029, the project forms an integral part of the Promoter’s strategy to drive the energy transition and enhance environmental sustainability throughout its operations.
Additionality and Impact
The project is in line with the InvestEU objective of Research, Development and Innovation (RDI). The Project's activities support the Bank's IDHC (Innovation, Digital and Human Capital) public policy goal and therefore are eligible for the Bank's financing under the Research, Innovation and Digital (RID) sub-objective.
The Project is expected to support the Promoter's decarbonisation roadmap and growth strategy based on serving the energy transformation and promoting environmental sustainability in all its activities, with improvements in the production and development of more performant and recyclable cables and wires.
The financing of this Project supports undertakings that generate significant positive knowledge, technology, and environmental externalities, through the creation of innovative product and services and skills development and upgrading. It addresses the market failure of imperfect competition, as it contributes to expanding the competitive space for new product technologies.
The Project is largely located in Transition and EFTA regions. It facilitates the territorial and maritime cooperation between places in different countries, which helps make better use of development potential and address common challenges; and it supports the strengthening of the EU's economic, social and territorial cohesion by providing additional skilled employment opportunities. The Project is fully in line with the EIB's climate action and environmental sustainability goals and the REPowerEU framework, which the EIB has committed to support.
The Bank's contribution to the Project would consist in the diversification of the Borrower's funding sources, and the structuring advantages provided, which include flexible drawdown terms, longer availability period and financial benefits. These elements combined would help facilitate the Project's financing and its full implementation. On this basis, the EIB financing would support the Company's continuous RDI efforts, particularly in areas with uncertain innovation outcomes or high business cyclicality. Through this financing the Bank is aligned with its role of providing countercyclical support to a strong EU industrial leader.
The additionality elements of the EIB financing under InvestEU
