On the back of the success of the EIB venture debt activities, the Bank is organising its second annual event for businesses benefiting from EIB’s venture debt financing. This innovative product aims at supporting early-stage, highly-innovative companies in Europe. This year the summit will bring together around 200 CEOs/CFOs of the portfolio companies, their private funds sponsors, financial advisors, the European Commission, EIB staff and media.
Largest ever European Investment Bank engagement in Africa since 1965. Direct support for 59 private sector and sustainable development projects 20 African countries.
CaixaBank is launching its first credit line to combat climate change via the EIB’s dedicated climate action financing programme. It is the first time that CaixaBank has allocated EIB funds to financing the projects of individuals.
“The EU bank’s financing activity contributing to climate action continued to grow. In 2018, this financing represented 41% of the Bank´s activity in the country, contributing to the development of projects promoting the implementation of more energy-efficient production processes and fostering the use of renewable energies. The financing of infrastructure also increased to reach a total of EUR 499m, mainly dedicated to financing the rehabilitation and expansion of irrigation infrastructure in rural areas and the modernisation of Portuguese ports, among other projects.”
The EIB financing will support Fingrid’s investment programme, which aims to rehabilitate and develop the electricity transmission network that stretches throughout all of Finland. The addition of a new line to the north-south interconnector will enable new wind energy – planned in the north of the country – to reach load centres in the south. Refurbishment of lines and substations will replace infrastructure at the end of its lifetime with more efficient and modernised equipment, adapted to current consumption volumes.
EUR 2.3 billion of new financing for business investment across Europe and Africa. EUR 1 billion for electric vehicles, upgrading international rail links and urban transport. 120 NGO and civil society representatives joined the EIB to discuss EU Bank priorities.
The cooperative from Biscay will develop new technologies to drive the implementation of hybrid and electric vehicles and apply more efficient and environmentally friendly production processes. The project includes investments that will help the company to expand the production capacity of its plants in Spain and other EU countries.
The EU bank’s support will enable the Basque company to implement its RDI projects, mainly centred on developing new safety and productivity improvement solutions for the construction industry.
Spain received almost EUR 8.5bn from the EIB Group in 2018. Innovative project development and climate action financing increased.
In the year of its 60th anniversary, the EU bank supported EUR 230 billion of investment, meeting its Juncker Plan targets ahead of schedule and successfully navigating a politically difficult environment. Shifting its focus from Europe’s economic recovery to competitiveness, the European Investment Bank (EIB) Group zoomed in on market gaps identified by its experts, so that its investments would have the biggest impact on Europe’s economy.
New ICG cruise ferries, W.B. Yeats and a second new cruise ferry currently under construction will significantly increase capacity and support Ireland’s tourism and trading ambitions.
The Land Degradation Neutrality Fund, which counts the European Investment Bank as one of its investors, just finalised its first transaction since its take off at the end of 2018. Its initial investment will go to a programme to restore degraded land in Latin America through agroforestry practices and is expected to improve the livelihoods of 2 400 producers.
The European Investment Advisory Hub will support CMZRB in designing a dedicated investment platform aiming at overcoming market barriers and stimulating more energy efficiency projects.
One of the largest financiers of global energy infrastructure, the European Investment Bank, today agreed a new EUR 255 million long-term loan with the Greek Public Power Corporation (PPC), the largest power producer and electricity supplier in Greece, to upgrade electricity distribution across the country. The new 20 year loan, guaranteed by the Hellenic Republic, represents one of the largest ever EIB loans for electricity investment in Greece.
The European Investment Bank (EIB) and the province of Limburg will both invest EUR 75 million in the “Duurzaam Thuis” stimulation fund. The initiative is meant for private citizens who can lend money for future proofing their homes. It is the first time the EIB invests in a fund that will lend directly to citizens, rather than a business or public sector counterpart.
A former industrial plant will be reconverted into a multifunctional space reconnected to the rest of the city. The project combines new facilities with heritage building restoration. Energy efficiency measures will lead to lower carbon emissions.
Ahead of the global climate conference COP24, which took place in Poland on 3-14 December 2018, the European Investment Bank launched a first-of-its-kind climate survey, in partnership with the global public opinion company YouGov, to find out how 25 000 citizens feel towards climate change in the European Union, the United States and China. Today the EIB is presenting the findings of the third part of its survey.
Nandita Parshad, EBRD Managing Director Sustainable Infrastructure, said: “The Trans-Adriatic Pipeline will set the foundation for an integrated gas market across south-eastern Europe and enhance the region’s strategic status as an energy hub. We believe that gas remains an important transition fuel in this region that can help displace coal and facilitate penetration of renewables.”
The European Investment Bank (EIB) announces the signature of the first agreement under its Green Shipping Guarantee Programme (GSGP) through ABN Amro. The EIB will contribute EUR 10.1 million to an ABN AMRO arranged facility to finance the construction of three cement carrier vessels for the Eureka Shipping group.
“Over the next three months, the EIB will engage with a wide range of stakeholders, including shareholders, industry associations, civil society and the private sector to develop a new energy lending policy that supports EU 2030 energy policy and climate targets.”
The European Investment Bank (EIB) is lending EUR 22.3m to Garanti Bank Romania to support businesses in Romania. EUR 5m of the loan amount is devoted to female entrepreneurs, matched by another EUR 5m from Garanti Bank. This transaction is backed by the European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe, or “Juncker Plan”.