Europe is investing in four new energy projects.
The funding from the European Investment Bank (EIB) aims to improve energy efficiency, renewable energy and infrastructure across Europe.
The EIB Group’s Board of Directors approved an €8 billion (£5.7bn) loan for a total of 21 projects.
The four projects include energy efficiency upgrades in France, new renewable energy and transmission links in northern and western Europe, reducing industrial energy usage in Finland and improving gas transmission in Spain.
Werner Hoyer, European Investment Bank Group President said: “The EIB Group is moving fast in rolling out the Investment Plan for Europe.
“The projects approved by the EIB this week also reflect the EU Bank’s focus on climate action.”