ESB secures €150m loan for smart meter roll-out

The EIB and ESB have signed a loan facility that will see 2.4m smart meters installed in every home, farm, and business in Ireland by the end of 2024.

The 15-year long term loan will support the first phase of the six-year smart meter installation programme. File picture: Chris Bellew / Fennells

The European Investment Bank (EIB) is to back the ESB Networks national 'smart meter' roll-out with the support of €150 million.

The EIB and ESB are today signing a loan facility that will see 2.4 million smart meters installed in every home, farm, and business in Ireland by the end of 2024.