(IN BRIEF) The European Investment Bank (EIB) and Endesa have signed two loan agreements totalling €650 million to support the modernisation and digitalisation of Spain’s electricity distribution network. A €500 million loan is provided through the Regional Resilience Fund (FRA), managed by the Spanish Ministry of Economy, Trade and Enterprise with resources from the EU Recovery and Resilience Facility. The second loan, worth €150 million, is financed directly from the EIB’s own funds and is the first tranche of a broader €500 million financing envelope approved by the Bank. By combining national and EU-level funding, the EIB and Endesa are accelerating Spain’s energy transition while strengthening the resilience of local communities. Media contact:Maite Corderom.corderomunoz@eib.org+34 606 66 82 62Press Officepress@eib.org+352 43791SOURCE: European Investment Bank