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.
Au total, 12 nouvelles stations seront créées sur une longueur de 7 km. Une réduction d’environ 4 500 tonnes de CO2 par an est prévue grâce à un meilleur équilibre entre transports en commun et privés.
In addition to the EFSI operation with Valamar, the EIB is also pleased to announce the signature of a EUR 15m loan to HBOR to support investments targeting biodiversity conservation and climate adaptation, particularly focusing on green infrastructure projects. This operation benefits from the support of the Natural Capital Financing Facility (NCFF), a financial instrument developed jointly by the EIB and the European Commission. The loan will be accompanied by technical assistance to help HBOR identify and foster eligible business and public-sector investment opportunities in this strategically important field to encourage green growth.
An estimated 500,000 people living in Kenya’s third largest city, Kisumu, will benefit from a EUR 70 million of water and sanitation investment programme to be implemented over the next 5 years and financed by the European Investment Bank, the European Union and French Development Agency (AFD).
Isavia has secured a ISK 12.5 billion (EUR 100 million) loan from the European Investment Bank (EIB). The funds will be used to renovate existing infrastructure in addition to making capacity investments at Keflavik International Airport, in order to respond to substantial passenger growth. The agreement signed today closes Isavia’s funding needs for 2018.
The European Investment Bank (EIB) has signed an intermediated loan agreement of EUR 30 million with Raiffeisen Leasing Bulgaria to finance projects of small and medium-sized enterprises and mid-cap companies. The loan will allow Raiffeisen Leasing Bulgaria to better address the needs of SMEs and mid-caps, which are the backbone of the Bulgarian economy. EIB funds will support smaller projects in agriculture, manufacturing, transportation and storage
Thousands of people living in the Rwandan capital Kigali will benefit from the country’s first wastewater treatment plant and public sewerage network supported by the largest ever European Investment Bank loan in the country.
The European Investment Bank Group, comprising the European Investment Bank (EIB) and its subsidiary, the European Investment Fund (EIF), provided close to EUR 1.9bn of new loans, guarantees and equity investment in Romania in 2017. More than EUR 1.3bn in loans came from the EIB and EUR 551m from the EIF in the form of guarantees and equity investments in small businesses to sustain their growth. The EIB Group’s support for Romania therefore represents some 1.04% of the country’s GDP, placing Romania fifth among EU Member States in this respect, and above the EU average of 0.46%. The group concluded four operations under the European Fund for Strategic Investments (EFSI), which is part of the Investment Plan for Europe.
The European Investment Bank (EIB) and ING today signed an agreement to support green investments for the European shipping market for a total value of EUR 300m. ING and EIB will each contribute EUR 150m to the facility. This agreement will ensure that sponsors of green and sustainable projects in the maritime transport sector can benefit from advantageous financial terms.
During a high-level visit to Kigali later this week the European Investment Bank is expected to confirm EUR 69 million of new infrastructure and private sector investment in Rwanda. This will include announcement of the EIB’s first public sector investment in the country to support construction of the first public sewage system in Rwanda. Once operational the new sewage network will both transform the urban environment in Kigali and further enhance recognition of Rwanda’s capital as a green city.
The European Investment Bank (EIB) will provide a loan of EUR 250 million for the construction, financing, operation and maintenance of the A10/A24 motorway in the German State Brandenburg. In particular the project comprises the widening from 4 to 6 lanes of a 29.6km section of the A10 between Havelland and Pankow as well as the reconstruction of a 29.2km section of the four lane A24 between Neuruppin and Kremmen. The project furthermore entails the maintenance and operation of an additional 5.4km section of existing road connecting the two motorways. The EIB loan was made possible by the European Fund for Strategic Investments (EFSI). EFSI is the main pillar of the Investment Plan for Europe (IPE), under which the EIB Group and the European Commission are working together as strategic partners to boost the competitiveness of the European economy.
The Board of Directors of the European Investment Bank (EIB) has approved a loan request from Northvolt AB. The financing, a facility of up to EUR 52.5 million, is projected to be supported by InnovFin – EU Finance for Innovators’s Energy Demonstration Projects facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments.
At its first meeting of 2018 the Board of the European Investment Bank approved a total of EUR 6.5 billion of new financing for 36 projects in 17 European Union countries and schemes in Africa, Asia and Latin America.
The European Investment Bank (EIB) is providing a EUR 70m loan to AVL List GmbH (AVL). Based in Austria, AVL is a world leader in the development of innovative powertrain systems – together with the necessary measurement and testing technology and simulation software – for the global automotive and transport industries. For 70 years, AVL has been working with global companies across the world in fields ranging from internal combustion engines, fuel cells and electric drives to alternative fuels, control software, transmissions and batteries.
The European Investment Bank (EIB) and Banco Comercial Português S.A. (Millennium bcp) are joining forces to foster economic growth and job creation in the areas impacted by the forest fires that spread accross the north and centre of Portugal in 2017. The EU bank has granted a EUR 75m loan to Millennium bcp to provide financing in advantageous conditions to companies affected by the wildfires. Under the agreement, Millennium bcp undertakes to match the loan with at least the same amount. The final funds provided to facilitate economic recovery in the affected areas will therefore reach EUR 150m.