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European bank loan aids German city in upgrading electricity grid, boosting renewables.
The European Investment Bank is providing a €70 million loan to Stadtwerke Reutlingen, a German energy utility, to upgrade the city's electricity infrastructure by 2027.
This includes modernizing substations, replacing old power cables, and expanding district heating to reduce reliance on fossil fuels.
The project supports Germany's goal of investing €327.7 billion in electricity grids by 2045, aiming to integrate more renewable energy sources and improve grid reliability.
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El préstamo bancario europeo ayuda a la ciudad alemana a mejorar la red eléctrica y a impulsar las energías renovables.