Nexans Plugs Into Europe’s Clean Energy Push

€250mn loan to support R&D, innovation and cable production for renewable energy expansion

27 Oct 2025

Nexans has secured a €250mn financing agreement from the European Investment Bank to accelerate development of Europe’s renewable energy infrastructure. The French cable manufacturer will use the funding to strengthen research and development, expand production capacity, and advance recycling initiatives in support of Europe’s energy transition.

The loan, which remains undrawn and subject to agreed conditions as of September 30, 2025, represents a significant step in the company’s plan to scale its undersea and high-voltage transmission networks. Nexans’ adjusted backlog in its Power Transmission division has reached a record €7.9bn, reflecting rising demand for reliable cross-border electricity connections.

Europe’s push to reinforce its power grid comes amid growing energy demand and geopolitical uncertainty. Analysts say high-voltage cables are becoming a central component of the continent’s efforts to integrate renewables and secure energy independence. “Cable companies are no longer just suppliers; they are shaping the backbone of Europe’s power system,” said a Rystad Energy analyst. “Those that innovate now will define the market for decades.”

The EIB financing aligns with EU objectives to foster innovation in advanced materials, digital monitoring systems, and grid efficiency. The collaboration aims to improve the resilience and sustainability of Europe’s electricity networks. Nexans’ early access to long-term financing could also strengthen its position against competitors such as Prysmian and NKT, both of which are expanding in the same market.

Despite challenges including supply chain constraints and a limited number of specialist installation vessels, the outlook for the sector remains positive. With the EU targeting hundreds of gigawatts of offshore wind capacity by 2050, the demand for next-generation transmission systems is expected to rise sharply.

Nexans’ partnership with the EIB underscores how industrial innovation and financial support are converging to underpin Europe’s clean-energy ambitions. As one observer noted, “The energy transition isn’t just about wind and solar; it’s about the invisible cables that connect it all.”