Archive | Source: European Investment Bank

Event: Tackling global challenges together: resilience, climate action and innovation (Luxembourg, 14 November 2018)

The European Investment Bank (EIB) will host its first donors’ conference on 14 November 2018. The event will bring together donors and beneficiaries with the aim of finding ways to build resilience against economic, social and climate-related risks.

Press Release: EIB approves EUR 5 billion financing for innovation, renewables and housing

Sustainable transport, renewable energy, industrial innovation, social housing, internet and mobile telecommunications investment will benefit from EUR 5 billion of new financing approved by the European Investment Bank (EIB). During the two-day meeting in Bucharest this week the Board of the European Investment Bank decided to support transformational projects across Europe, Asia, Latin America and the Middle East.

Press Release: Cities and finance join forces to launch new global initiative to strengthen urban climate investment

The Global Climate City Challenge launched in San Francisco today will address key technical and financing barriers to strengthen investment in green projects and programmes essential to improve resilience to a changing climate in cities home to millions of people.

Press Release: Public and private financial institutions demonstrate their support for cities and subnational governments on climate action

At the Global Climate Action Summit, the 42 financial institutions part of the Climate Action in Financial Institutions Initiative released a Joint Statement demonstrating how they are moving from commitment to action – both individually and collectively – in supporting local climate action.

Press Release: Launch of the Global Green Bond Partnership

The Global Green Bond Partnership (GGBP) was launched yesterday in San Francisco, at the Global Climate Action Summit (GCAS). This new partnership will support efforts of sub-national entities such as cities, states, and regions, corporations and private companies, and financial institutions to accelerate the issuance of green bonds.

Press Release: Romanian energy finds its way to the heart of Europe

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Press Release: EIB issues first Sustainability Awareness Bond

The European Investment Bank today issued its first Sustainability Awareness Bond. The EUR 500 million transaction represents the first EIB funding intended to directly support sustainable finance and builds on the EIB’s pioneering role unlocking investment through green bonds.

Press Release: EIB finances first line of Bogotá Metro with USD 480 million loan

The European Investment Bank (EIB), Inter-American Development Bank (IDB) and International Bank for Reconstruction and Development (IBRD), part of the World Bank Group, today signed financing agreements with Empresa Metro de Bogotá to support a flagship investment project that will transform Bogotá: the construction of the capital’s first metro line.

Press Release: Energy interconnector summit in Lisbon: the EIB commits to supporting further EU energy market integration

EIB Vice-President Navarro joins the meeting with Prime Minister Costa, President Macron, President Sánchez and EC Commissioner Arias-Cañete to boost the development of energy interconnections in South-West Europe. Over the last ten years, the EIB has provided more than EUR 3.6 billion to foster priority electricity and natural gas networks in Portugal, Spain and France.

Press Release: Rabobank and EIB expand support for environment-conscious entrepreneurs

Following three earlier successful operations, the Rabobank and the European Investment Bank (EIB) are launching an expanded EUR 250 million “impact loan” for SMEs in the Netherlands. So far, nearly 300 environmentally-conscious businesses in the Netherlands have already benefitted from advantageous lending conditions of the EIB-backed impact loans with the Rabobank.

Press Release: Support for innovation in car industry: EIB finances CIE Automotive’s RDI strategy with EUR 80 million loan under Juncker Plan

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Event: Conference on ‘Investment, Technological Transformation and Skills’ (Luxembourg, 28 – 29 November 2018)

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Innovation and climate action: EIB finances Velatia Group’s RDI strategy with EUR 32.5 million loan under Juncker Plan

The European Investment Bank (EIB) is financing the innovation and development strategy that Velatia will drive forward in the electrical energy sector. EIB Vice-President Emma Navarro and Velatia’s CEO, Javier Ormazabal, today signed a EUR 32.5 million finance agreement that will enable the firm to incorporate new digital technologies into the products that it develops for electricity networks.

Press Release: Major investment in the energy sector in Portugal: EIB finances Iberdrola´s three new dams and hydropower plants on the Tâmega and Torno rivers

The EIB will provide EUR 650m for a project entailing total investment of around EUR 1.5bn. The dams will support the growth of electricity generation from renewables and increase the security of electricity supply on the Iberian market. The project will require employing up to 13,500 people during the entire construction phase and several hundred in operational phase.

Press Release: Eswatini farmers to get improved access to water with EIB support

During a public ceremony in Mbabane a EUR 36.4 loan agreement was signed between the European Investment Bank and the Ministry of Finance of Eswatini, in support of phase two of the Lower Usuthu Smallholder Irrigation Project (LUSIP II) being developed by the Swaziland Water and Agricultural Development Enterprise (SWADE). 

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