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Energy Storage Battery
EIB Reaffirms Commitment to European Battery Industry and Energy Transition
At a meeting of the European Battery Alliance on Tuesday 19 May, European Investment Bank Vice-President Andrew McDowell, confirmed the Bank's commitment to sup…
Energy Transition
EU Bank Ends Fossil Fuel Lending in World-First for Climate
The European Investment Bank (EIB) today became the world's first public lender to commit to ending funding for coal, oil and gas.
Electricity Transmission
EIB Offers €100m Loan to Support Finland’s Elenia Electricity Network
The European Investment Bank (EIB) has agreed to provide a loan of €100m to Finnish electricity distribution system operator (DSO) Elenia.
Latvia Aims for Energy Efficiency
The European Investment Bank (EIB) has signed an agreement with ALTUM – a Latvian state-owned development finance institutions that provides funding for a wide…
Power Construction
TenneT Inks €250m Dutch Grid Deal with EIB
TenneT has signed a €250m loan agreement with the European Investment Bank to fund a key onshore grid project that will enable the transmission of increasing a…
147-MW Ruzizi III Hydropower Project in Africa gets EIB Backup
The European Investment Bank (EIB) is providing €9 million (US$9.8 million) to support the implementation of the 147-MW Ruzizi III hydropower project, which wi…
Power Construction
EIB Approves €255m Loan for Greek Electricity Network Upgrade
The European Investment Bank (EIB) has approved a loan of €255m for a Greek electricity distribution network upgrade.
Power Construction
Greece's PPC Gets EUR 100m from EIB for Grid Modernisation
The European Investment Bank (EIB) and Greek utility PPC SA (ATH:PPC) on Friday signed an agreement for a EUR-100-million (USD 108m) loan supporting investments…
EU Wants to Spend 1 Trillion Euros for “Sustainable Investments” Across The Coming Decade
Financing for this will come from the EU budget, co-financing from EU member states, and contributions from the European Investment Bank and InvestEU, a major f…
Power Construction
EIB Provides EUR 330m for Czech Grid Modernisation
Czech energy utility CEZ Group is receiving EUR 330 million (USD 363m) from the European Investment Bank (EIB) for the extension and upgrade of the electricity …
European Investment Bank funds two windfarms in Portugal
The European Investment Bank (EIB) has agreed to provide a loan of €45m to renewable energy company Eolica da Linha for the construction of three windfarms in …
Hydrogen Project
EIB and CEO Forum to Accelerate Funding for Hydrogen Projects
The European Investment Bank (EIB) has signed an agreement with The Hydrogen Council to accelerate funding and the deployment of large-scale hydrogen projects.
EU and Africa Signed A $120m Deal to Fund Sustainable Energy Projects
The European Investment Bank and the Eastern and Southern African Trade and Development Bank (TDB) have signed a deal to fund sustainable energy projects over t…
Distributed energy
European Investment Bank to Stop Financing Fossil Fuel Projects
The European Investment Bank (EIB) will end financing for fossil fuel energy projects from the end of 2021 in a move to aligning all its financing activities wi…
European Investment Bank to End Fossil Fuel Financing by 2021
The European Investment Bank (EIB) has agreed to cease funding fossil fuel energy projects by the end of 2021 as part of its “increased ambition in climate act…
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