The European Investment Bank (EIB) and the EIB Group as a whole has been working closely with the Egyptian Presidency of COP27 to offer its support both as chair of the world’s Multilateral Banks and to do its part to make sure that this COP is – as the Egyptian Presidency put it – a […]
Opdenergy closes a €350 million green financing agreement with BBVA and the European Investment Bank – EQ Mag Pro
The funds obtained will finance a Spanish solar PV portfolio with an aggregate gross targeted installed capacity of 605MW. The agreement includes a long-term project finance with a principal amount of €301M of senior debt, a €29M PPA guarantee line and a credit line facility of €17M to cover 6 months debt service reserve account. […]
Iberdrola signs a €550m green loan with the EIB to boost renewables in Spain – EQ Mag Pro
Specifically, almost 1,800 MW of wind farms and photovoltaic parks will be built in different locations, mostly in rural areas. The new facilities will supply clean energy equivalent to the annual consumption of about one million households. The project will have a significant impact in terms of its contribution to the EU’s security of energy […]
EIB provides €400 million to support first ever energy link connecting Germany and the United Kingdom – EQ Mag Pro
Work to build the NeuConnect interconnector will start this year, connecting two of Europe’s largest energy markets for the first time. A consortium of more than 20 banks including the EIB, the UK Infrastructure Bank and the Japan Bank for International Cooperation (JBIC) will support investors Meridiam, Allianz Capital Partners, and Kansai Electric Power in […]
Report outlines investors’ views on how to unlock the hydrogen economy – EQ Mag Pro
European investors expect hydrogen as a zero-carbon energy carrier to play a key role in decarbonising EU economies, especially in energy-intensive sectors Investor interest in hydrogen has risen substantially in recent years but investment activity has been constrained by a combination of risks and challenges Findings are based on consultations with financial investors, industrial companies […]
European Investment Bank (EIB) Commits Up to $20 million to Invest in Circulate Capital Ocean Fund I-B to Fight Plastic Pollution and Climate Change, and Advance the Circular Economy in Asia – EQ Mag Pro
New Commitment to Recycling and Climate Tech Fund Intends to Catalyze Institutional Investment into Enterprises that Develop Solutions to Combat Plastic Waste in Asia. Circulate Capital, the Singapore-based investment management firm financing high-growth opportunities at the nexus of climate-tech and plastics, recycling and the circular economy, announced today that the European Investment Bank (EIB) has […]
Endesa inks new EUR-250m sustainability-linked mortgage with EIB – EQ Mag Pro
Spanish utility group Endesa SA (BME:ELE) mentioned on Monday that it has secured a EUR-250-million (USD 275.1m) sustainability-linked mortgage from the European Funding Financial institution (EIB) to proceed rising its renewables fleet in Spain. The monetary phrases are linked to the situation that Endesa reduces its scope 1 greenhouse fuel emissions, the utility mentioned. The […]
EIB looking to invest in Hydrogen projects – EQ Mag Pro
The European Commission announced the REPowerEU Communication that includes doubling of the European Union (EU) hydrogen production target and underlining the need to enhance EU manufacturing capabilities of equipment such as electrolysers. In this context, the European Clean Hydrogen Alliance launched a call for project promoters among its members to present their projects to the […]
EIB approves Strategic European Security Initiative, confirms Ukraine disbursement and backs €543 million business and clean energy investment – EQ Mag Pro
First disbursements of EIB’s Ukraine immediate financial support package confirmed €6 billion new support for dual-use security and defence technologies, space and cybersecurity New business financing in Italy and Spain and clean energy investment President Hoyer updated Board on EIB and EIF leading role implementing InvestEU The Board of Directors of the European Investment Bank […]
EIB and Ben Oldman Will Provide EUR 100 Million to Finance Renewable Energy Projects in Iberian Peninsula – EQ Mag Pro
Various news agencies and renewable energy news websites have reported that the European Investment Bank (EIB) and alternative investment firm Ben Oldman have entered into an agreement to co-finance 430MW of PV and onshore wind projects in Spain and Portugal. Specifically, EIB and Ben Oldman will provide EUR 100 million (USD 114 million) in unitranche […]