Nexans secures major EIB and InvestEU support to boost electrification projects, recycling capacity and carbon neutrality goals

Nexans secures major EIB and InvestEU support to boost electrification projects, recycling capacity and carbon neutrality goals

(IN BRIEF) The European Investment Bank has approved €250 million in financing for Nexans to accelerate its industrial investments and research initiatives between 2024 and 2029, with part of the loan backed by an InvestEU guarantee. The funding will support major projects including a new copper wire production and recycling facility in Lens, enhancements to sites in Charleroi, Erembodegem and Calais for offshore wind and submarine cables, and expanded capacity at Bourg-en-Bresse for low-carbon medium-voltage cables. The financing also underpins Nexans’ R&D aligned with carbon neutrality by 2050 under the Science Based Targets initiative. Structured in two parts, the package consists of €190 million under InvestEU and €60 million in additional financing. The initiative supports REPowerEU by strengthening energy autonomy, advancing electrification and enhancing sustainability.

(PRESS RELEASE) LUXEMBOURG, 22-Sep-2025 — /EuropaWire/ — The European Investment Bank (EIB) has granted €250 million in financing to Nexans, a world leader in cable systems and services, to accelerate the company’s industrial investments and strengthen its research and development programmes from 2024 to 2029. This operation, partially guaranteed under the InvestEU programme, underlines the EU’s commitment to supporting innovation, sustainability and competitiveness in strategic sectors while reinforcing energy autonomy under the REPowerEU initiative.

The financing package will support several large-scale projects central to Nexans’ long-term strategy. One of the most significant is the construction of a new copper wire production and recycling facility in Lens by 2026, which is expected to increase production capacity by over 50% while recycling up to 80,000 tonnes of copper annually. This facility is intended to secure raw material supplies and bolster the circular economy. Additional investments will strengthen the company’s industrial presence across key European sites, including Charleroi, Erembodegem and Calais, to support the growing demand for offshore wind connections and submarine interconnectors. At Bourg-en-Bresse, capacity will be expanded to address rising electrification needs in France and Western Europe, with a focus on producing low-carbon medium-voltage cables.

Alongside these industrial projects, the financing will advance Nexans’ R&D efforts aimed at supporting the global energy transition and achieving carbon neutrality by 2050, in line with the Science Based Targets initiative (SBTi). The loan is structured into two components: €190 million backed by an InvestEU guarantee, dedicated to innovation and sustainability projects, and a second €60 million tranche covering additional industrial and recycling investments.

EIB Vice-President Ambroise Fayolle highlighted the importance of the partnership, stating: “Nexans is a key player in the energy transition. Its cutting-edge cable solutions are fundamental to electrification and are playing an essential role in the EU’s decarbonisation targets. This financing will help accelerate its innovation, expand production capacity and secure copper supplies, which are vital for Europe’s future.”

Nexans CEO Christopher Guérin added: “With the continued support of the EIB and InvestEU, we can advance our strategy to position Nexans as a leader in sustainable electrification across Europe. This funding will allow us to expand production, reinforce copper recycling and boost innovation, supporting both the energy transition and Europe’s industrial autonomy.”

The investment operation is closely aligned with the REPowerEU programme, as Nexans’ work directly contributes to the EU’s objectives in electrification, sustainability and decarbonisation.

EIB

The European Investment Bank (EIB) is the long-term lending institution of the European Union, owned by its Member States. The EIB finances investments in eight core priorities that support EU policy objectives: climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and the bioeconomy, social infrastructure, a stronger Europe in a more peaceful and prosperous world and Europe’s capital markets union. The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security. In France, the EIB Group signed more than 100 agreements in 2024, totalling €12.6 billion. Almost 60% of annual EIB Group financing supports projects that contribute to climate change mitigation and adaptation, and a healthier environment.

Nexans 

Nexans is the global pure player in sustainable electrification, building the essential systems that power the world’s transition to a connected, resilient and low-carbon future. From offshore and onshore renewable energies to smart cities and homes, Nexans designs and delivers advanced cable solutions, accessories and services that electrify progress safely, efficiently and sustainably. With over 140 years of history, through three core businesses – PWR Transmission, PWR Grid, and PWR Connect – Nexans blends deep industry expertise with cutting-edge innovation to accelerate the energy transition and better meet its customers’ needs. Its unique E3 model, focused on environment, economy and engagement, drives every action, aligning performance with purpose. Nexans operates in 41 countries with 28 500 employees and generated €7.1 billion in standard sales in 2024. As a recognised climate action leader, Nexans is committed to net zero emissions by 2050 aligned with the Science Based Targets initiative (SBTi) and expanding energy access through the Fondation Nexans.

Nexans is listed on Euronext Paris, Compartment A.

InvestEU

The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps to attract private investment for the European Union’s policy priorities, such as the European Green Deal and the digital transition. The InvestEU programme brings together under one roof the multitude of EU financial instruments currently available to support investment in the European Union, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme has three components: The InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal. The InvestEU Fund is implemented through financial partners that will invest in projects using the EU budget guarantee of €26.2 billion. The entire budget guarantee will back the investment projects of the implementing partners, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investment.

Media contact:
Andrea Morawski
a.morawski@eib.org
+352 4379 – 83427

Press Office
press@eib.org
+352 43791

SOURCE: European Investment Bank