Cyclades Interconnection Phase D : Santorini - Folegandros - Milos - Serifos
1 January 2023
Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
In 2023, the European Investment Bank (EIB) and Greece’s Independent Power Transmission Operator (IPTO) signed a long-term €108 million loan agreement using Recovery and Resilience Facility (RRF) funds to co-finance construction of the western and southern Cyclades power interconnector linking Santorini (Thira), Folegandros, Milos and Serifos to mainland Greece, topping up an earlier €157 million EIB own-resources loan for the project.