EIB provides €150 million in financing for renewable energy investment
Here are some of the most important results of the EIB Climate Survey’s sixth edition, conducted in August and September 2023. Running since 2018, the EIB Climate Survey offers insights into the climate change-related views of people in major economies around the world, with more than 30 000 respondents in the European Union, the United States, China, India, Japan, the United Kingdom, UAE, Canada and South Korea.
The project financed will facilitate the connection of new users, advance network digitalization, and improve the reliability of supply / It will increase the integration of renewable energy sources into the network, contributing to the decarbonisation of the Spanish energy mix / More than 75% of the total associated investment will be rolled out in regions where per capita income is less than the EU average, thus contributing to economic, social, and territorial cohesion / The operation contributes to the REPowerEU objective of increasing the security of energy supply and reducing EU’s dependency on imports of fossil fuels
The European Investment Bank will grant a €600 million loan to German utility EnBW / The He Dreiht wind farm with a capacity of 960 MW will provide 1.1 million households with green electricity
Once operational, the nine wind and photovoltaic plants co-financed by the EIB will contribute to the production of 460 GWh of renewable energy per year, equivalent to the consumption of 190 000 Italian households / The EIB financing is backed by an EU budgetary guarantee under InvestEU
Backing agreed for projects contributing to EU independence from fossil fuel imports tops €17 billion in 2022 / EIB exceeds target of channelling at least 50% of its total financing to climate action and environmental sustainability, well ahead of 2025 goal / Support for investment to safeguard European competitiveness and advance EU policy goals globally will be among key priorities for this year
The Emerging Markets Climate Action Fund invests $25 million and EIB Global invests $75 million in Alcazar Energy Partners II / The fund will finance renewable energy projects in the Middle East, North Africa, Eastern Europe and Central Asia / This joint commitment of EMCAF and EIB Global will support the development of onshore wind and solar photovoltaic, and potentially hydropower, biomass or battery-based electricity storage projects.
EIB and DBSA to boost private sector solar and wind investment across South Africa / Embedded Generation Investment Programme expected to deliver 1 200 MW green energy generation and replace 3.6 million tonnes of CO[2] emissions / New renewable energy to create hundreds of jobs across South Africa during construction and operation
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 this €2.8 billion investment / The energy link will support renewable energy policies in the European Union and the United Kingdom
EIB, the EU bank, is financing winds of change in energy transition towards renewable sources / The European Investment Bank lends up to €475 million to VESTAS Wind Systems A/S / The underlying investments will have significant environmental benefits, being aligned with the EU Green Deal, the Paris Agreement, and with the EIB’s Climate Bank Roadmap, by focusing on developing wind energy technologies. In particular, the investments financed by the EIB will support low-carbon technology and products, energy and resource efficiency, and circular business models.
EIB grants €200 million in funding to accelerate Nexans’ active role in the world’s energy transition and commitment to contribute to carbon neutrality by 2030. Nexans activities are in close alignment with the goals of the European Green Deal.
At the United Nations Climate Change Conference of the Parties (COP26) in Glasgow, European Commission President Ursula von der Leyen and Bill Gates, the Founder of Breakthrough Energy, together with European Investment Bank President Werner Hoyer, have officially entered into a pioneering partnership that will boost investments in critical climate technologies. Today’s signing of a Memorandum of Understanding follows up on the initial announcement made in June this year at the Mission Innovation Ministerial Conference.
The EIB and the Croatian Ministry of Economy and Sustainable Development expand cooperation on the development and financing of Croatia’s key energy, resilience and climate projects / The EU bank will help Croatia maximise opportunities created by various EU funds and initiatives, including the European Commission’s Green Deal Investment Plan / The partners will join efforts to contribute to a green, energy efficient and sustainable European Union
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 EIB support will enable Siemens Gamesa to enhance its offering with an innovative technology that contributes to generating clean energy in a more sustainable and efficient manner / The investment will mainly be allocated to Siemens Gamesa’s RDI centres in Spain and Denmark
PLN 71.2 million (EUR 16 million) first loss guarantee agreement to help BNP Paribas Bank Polska to finance Polish energy efficiency projects / The guarantee comes under the first Polish operation included in the PF4EE programme funded by the EIB and the European Commission / The project is expected to benefit around 15.000 households, small farmers and housing associations
The EIB will end financing for fossil fuel energy projects from the end of 2021 / Future financing will accelerate clean energy innovation, energy efficiency and renewables / EIB Group financing will unlock EUR 1 trillion of climate action and environmental sustainable investment in the decade to 2030 / EIB Group will align all financing activities with the goals of the Paris Agreement from the end of 2020.
The EU bank will provide up to EUR 385m to Alfanar, successful bidder in Spain's third renewable energy auction to build 21 wind farms in six autonomous communities around Spain
EIB and CaixaBank join forces to finance projects promoting climate action
EIB approves EUR 3.8 billion of financing for transport, energy, business and water supply
The world’s largest international financier for renewable energy, the European Investment Bank, today confirmed new backing for investment across India.
Portuguese company Windplus will receive a EUR 60 million loan under the InnovFin Energy Demonstration Project programme to install a floating wind farm off the coast of Portugal / Windplus is a subsidiary of EDP Renewables, Repsol and Principle Power
European Investment Bank (EIB) closes a EUR 100m single investor tap of TenneT's 2017 hybrid bond to support the construction of NordLink interconnector between Norway and Germany / Transaction backed under European Fund for Strategic Investments (EFSI), part of successful Juncker Plan. This marks EIB’s first participation in a market hybrid bond issuance
European Investment Bank (EIB) signs EUR 24m loan with Terna Energy Group, financing will support construction and operation of two windfarms in northern Greece / EIB loan is the latest operation in Greece backed under EFSI, part of the successful Investment Plan for Europe of the Juncker Commission
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