Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
The European Investment Bank signed a long-term loan agreement with IPTO on 5 February 2026, providing €1.9 billion of debt financing for the IPTO Dodecanese Interconnection, which includes the Kos–Rhodes–Karpathos links, a static compensator at Rhodes, new GIS substations, and related submarine and fibre-optic cables, to connect the islands to the Hellenic Electricity Transmission System and enable greater renewable energy integration.