The European Union is a global leader in green innovation and even more so in innovation that is both green and digital. The COVID-19 crisis is putting the investment needed to drive the green and digital transformation at risk. EU investment in climate change mitigation is well behind that of China, but ahead of the […]
Portugal: EIB and BPI provide EDP Renováveis with €112 million to construct and operate two wind farms with a total capacity of 125 MW
The wind farms are located in the districts of Coimbra and Guarda, in the west and north of the country. 560 jobs expected to be created during the implementation phase. The EIB financing is backed by the European Fund for Strategic Investments (EFSI).The European Investment Bank (EIB) will provide €65 million and BPI an additional […]
EIB invests €50 million in Wenea to roll out 470 electric vehicle charging stations across Spain
The European Investment Bank (EIB) is backing Spanish company Wenea with €50 million so an investment of around €100 million in total can be carried out to increase long-distance mobility in Spain by installing a host of electric vehicle charging stations alongside many of its motorways. Wenea, itself part the Madrid-based Diggia Group, which provides […]
EIB joins Rockefeller Foundation’s call to action to provide sustainable energy for one billion people by 2030
Development finance, global energy, and multilateral agencies to accelerate electrification as the cornerstone of an equitable, global economic recovery New global coalition to end energy poverty Unleashing the full potential of distributed renewal energy systems The Rockefeller Foundation and the European Investment Bank today announced the formation of a global coalition aimed at providing sustainable […]
EU member states approve EIB Group Climate Bank Roadmap 2021-2025
Support €1 trillion in investment for climate action and environmental sustainability in the decade to 2030 EIB Group is now aligning all financing activities from end of 2020, with goals of Paris agreement More than 50% of annual financing dedicated to green investment by 2025 More Green advisory services and financing of innovative low carbon […]
EIB and LBBW provide PLN 184million each to construct four wind farms in Poland
The EIB financing is backed by a guarantee from the European Fund for Strategic Investments (EFSI), the central pillar of the Investment Plan for Europe. The European Investment Bank (EIB) and LBBW are providing PLN 184 million (approximately €42 million) each to finance the construction and operation of four wind farms in Poland’s Wielkopolskie region. […]
The EU Bank supports European regions and cities in their response to the Covid-19 crisis and for a green recovery
Amid the Covid-19 pandemic, the European Investment Bank (EIB) makes lending more flexible and faster for cities and regions in order to meet urgent financing needs New financing support to regions and cities announced for health sector, infrastructure, urban regeneration, SMEs and climate action and more to come In response to the coronavirus pandemic, the […]
EIB approves € 5.1 billion for COVID-19 resilience, clean energy, rail transport and urban development
EIB Group launches European Guarantee Fund COVID-19 business financing: € 2.6 billion EIB and EIF funding to mobilise € 11.3 billion investment € 1.9 billion for COVID-19 health, medical and economic resilience € 2.1 billion for private sector investment with global financing partners € 1.3 billion for clean energy, energy efficiency and water investment The […]
EIB supports energy efficiency in Jordanian municipalities
JORDAN / EU : The European Investment Bank (EIB) signed a cooperation agreement on technical assistance with the Cities and Towns Development Bank (CVDB) in Jordan on Wednesday 7 October 2020 in Amman. This partnership, comprising €1.4 million in European grants in addition to a €45 million loan already granted, will support the implementation of […]
Sweden: EU further supports innovative battery technology through Nilar
EIB provides EUR 47m loan to Swedish battery tech company Nilar International AB with backing from the EU’s InnovFin “Energy Demo Projects” guarantee programme. Financing will support Nilar in scaling up production of its unique and safe battery system as well as boost R&D in innovative battery technology. The European Investment Bank (EIB) has […]