The volume of the equity and borrowed capital for the planned investment in the wind farm totals €143 million. With this fresh start after the coronavirus crisis, we now have a unique opportunity to join forces and drive the Austrian economy’s transition to a sustainable, climate-friendly system,” said Susanne Wendler, board member of UniCredit Bank […]
Germany: EIB provides The Mobility House with €15 million for smart charging technology
EIB finances The Mobility House with €15 million to boost intelligent integration of electric vehicles into the power grid The loan is supported by the European Commission under ‘InnovFin Energy Demonstration Projects’ facility ChargePilot, The Mobility House’s Charging and Energy Management system, has proven a successful non-proprietary and open technology contributing to a zero-emission […]
UGANDA : EIB lends $12.5m to fenix for solar electrification via solar kits
The European Investment Bank (EIB) has recently signed a $12.5 million loan agreement with Fenix International, the subsidiary of the French group Engie. Through this financing, the solar home systems provider aims to electrify 1.4 million people living in rural areas in Uganda. According to the European Investment Bank (EIB), only one in five Ugandans […]
Just Transition Mechanism: the EIB and the European Commission join forces in a proposed new public loan facility to finance green investments in the EU
Today, the European Commission presents its proposal for a public sector loan facility under the Just Transition Mechanism. The facility will be implemented with the involvement of the European Investment Bank and will encourage investments that support the transition towards a climate-neutral economy by public sector authorities to the benefit of coal- and carbon-intensive regions. […]
Poland: Electric vehicle battery production in Europe gets boost thanks to EIB loan of €480 million to LG Chem Wroclaw Energy
First EIB loan to LG Chem Group and its Polish subsidiary will support the construction of manufacturing facilities for advanced lithium-ion cells and batteries for battery-powered electric vehicles The project will contribute to the clean energy transition and the shift towards electrification of the European transport industry and secure the supply of advanced li-ion batteries for European […]
Poland: Ignitis Group borrows EUR 60m from EIB for its first wind farm project
The Lithuanian utility will carry out the project through its subsidiary Pomerania Wind Farm New onshore wind farms with a combined capacity of up to 94 MW will be located near the Baltic coast in northern Poland. The operation, backed by the Investment Plan for Europe, will help decarbonize the energy sector in Poland and […]
EIB invests € 255m for expansion of Greek electricity distribution network
Expansion of the national electricity distribution network will cater to expected increased future demand and enable electricity consumers across Greece to benefit from the more reliable electricity supply. The European Investment Bank (EIB) supports the investment program of the Hellenic Distribution Network Operator (HEDNO), a subsidiary of Public Power Corporation (PPC), the largest electricity generator […]
EIB backs EUR 4.9 billion clean energy, sustainable transport, agriculture and housing investment
116 civil society representatives discuss climate and development priorities with EIB board First EIB board meeting without UK EUR 1.7 billion for private sector, industrial energy efficiency and corporate innovation EUR 2 billion for clean energy and sustainable transport The EIB approved new investment across Europe and around the world to improve clean energy, sustainable […]
EIB Group Press Conference on Annual Results – EU bank closes 2019 with stronger results in climate finance and a record number of deals
Share of climate financing rises to 31% of EIB’s total, underlining the Bank’s commitment to play a key role in the European Green Deal and the fight against global warming. EIB Group financing increases by 13% to more than EUR 72 billion. Highest number of financing operations: 1 095, up 28% from 2018. EIB financing outside […]
Poland: PGE Capital Group to carry out wind farm projects with support from the EIB
New onshore wind farms with a combined capacity of up to 97 MW will be located in northern Poland Tangible commitment by PGE to invest in renewable sources of energy will help to decarbonise the energy sector in Poland PGE Polska Grupa Energetyczna has entered into a credit agreement with the European Investment Bank (EIB) […]