The European Investment Bank (EIB), as one of the leading international financiers in the Western Balkans, has reaffirmed its commitment to supporting the region’s path towards the European Union. Since 2007, the EIB has signed EUR 7.5 billion of loans for projects in the Western Balkans. So far this year, the EIB has signed loans worth more than half a billion euros for the region.
The European Investment Bank (EIB) is has signed a EUR 100 million loan agreement with Fastighets AB Balder, for the development of two residential complexes with nearly-zero-energy-building (NZEB) standards. The project comprises a total of six buildings which together will provide 660 new apartments in the Copenhagen Metropolitan Area.
Up to EUR 1 billion of new investments to reduce carbon emissions and improve environmental protection in China are expected to be backed by the first climate finance focused partnership between the EIB and Eximbank.
During an official visit by the President of the European Council, Donald Tusk, to Bosnia and Herzegovina, the EIB today signed two loans totalling EUR 150m for the construction of a motorway.
The European Investment Bank (EIB) is providing a loan of up to EUR 100 million to co-finance projects under the Casa Eficiente 2020 programme, promoted by the Portuguese Republic to support investments of individuals and small companies implementing residential energy and water efficiency refurbishments schemes.
The European Investment Bank (EIB) and the Council of Europe Development Bank (CEB) will contribute to the financing of the National Irrigation Programme of Portugal, supporting investments in mainland regions of the country, mostly in the Alentejo, which is served by the Alqueva water system.
The EIB expects to finalise financing for new investment in energy, telecommunications, transport, urban development projects and business lending programmes. This includes EUR 1.4 billion for the metro extension in Stockholm and the acquisition of trains in the Italian Lombardy region.
The EU bank is supporting the five-year investment plan of the University of Bologna with an overall financial commitment of EUR 130m. This covers over half of the planned works, which total EUR 222m. The European Investment Bank (EIB) loan signed today in Bologna will go towards modernising and expanding the university’s campuses, with a series of works ranging from earthquake protection to the energy efficiency of buildings and the upgrading of classrooms, research laboratories and sports facilities.
Valmet Oyj of Finland has signed a EUR 45 million loan agreement with the European Investment Bank to partially finance its upcoming RDI programme, aimed at developing cost-efficient solutions to improve the productivity and operational performance of industrial processes including energy and raw material efficiency and to lower customers’ investment and operational costs. Valmet’s automation business line will carry out most the activities in Finland, safeguarding highly specialised jobs in the country.
The European Investment Bank (EIB – the EU bank) has provided a EUR 30m loan to finance the CHO Tiper renewable power generation plant developed by CHO Power, a Europlasma Group subsidiary. The project is also supported by InnovFin – Energy Demonstration Projects (EDP), a financial product developed under Horizon 2020, the European Union’s framework programme for research and innovation.
Yesterday, Vice-President of the European Investment Bank (EIB – the EU bank) Ambroise Fayolle announced the signature of USD 25m in financing with d.light design to strengthen access to energy in Africa via solar kits that do not require a grid, are easy to use and inexpensive for users thanks to a pre-payment system. Particular emphasis will be placed on rural and suburban populations and micro-entrepreneurs.
Energy bills for companies across Greece will be reduced by new energy efficiency investment backed by a new EUR 100 million initiative by the European Investment Bank and Piraeus Bank. Under the scheme dedicated financing for new investment to reduce energy consumption by small-scale energy users will be provided across the country. Technical and financial expertise gained from energy efficiency investment programmes elsewhere will be used to strengthen new projects in Greece.
The project, which is the second to be financed by the EIB in Argentina in the last year, will help combat climate change and will also finance social and labour integration initiatives. The EUR 53.5m of European Union assistance (including a significant EUR 11.3m in the form of a grant) confirm the EU’s commitment to the development of the interior of Argentina.
Highly innovative companies in Europe have received more than EUR 750 million in long-term venture debt financing from the EIB in 2017. The investments are expected to generate more than 6,500 high-quality jobs as well as around EUR 7bn in additional investments in R&D. They also make the EU bank the largest venture debt investor in Europe.
Today, in the context of the European Union’s High Level Conference on Sustainable Finance, and three months after the One Planet Summit in Paris, further progress of the Global Urbis partnership and two new calls to cities and financial investors were announced.
USD 1.4 billion of new clean energy investment across Africa will be supported by a new investment insurance initiative launched by Munich Re, the African Trade Insurance Agency (ATI) and the European Investment Bank (EIB). The Africa Energy Guarantee Facility (AEGF) will provide the first dedicated reinsurance for sustainable energy projects across Africa.
EIB Vice-President Ambroise Fayolle today announced that the European Investment Bank (EIB) – the world’s largest multilateral financier of climate-related investment – would provide USD 100 million to strengthen sustainable investment in emerging markets through green bonds.
Ahead of the Founding Conference of the International Solar Alliance in New Delhi the European Investment Bank also confirmed strengthened engagement to support significant expansion of solar energy in developing and emerging economies.
Today at The Economist World Ocean Summit, the Sustainable Blue Economy Finance Principles were unveiled. The Principles were developed through a broad consultation led by the European Commission, WWF, the Prince of Wales’s International Sustainability Unit and the European Investment Bank (EIB). If widely adopted, these principles could help transform the way in which humanity manages ocean resources; showing how profitability can go hand-in-hand with environmental and social stewardship.