A deal will reportedly see five to ten billion euros lent to the company

Rural Electrification Corporation will provide the funds to investors in the form of low-interest loans

Once completed, Nordlink will have a total capacity of 1.4GW

Germany has seen an increase in demand for domestic energy efficiency measures. According to Germany Trade & Invest, state development bank KfW recorded a “strong” 2016 in terms of funding for domestic projects. The environment and energy sector achieved “particularly positive growth” last year, up from €9.3 billion (£8bn) in 2015 to €10.7 billion (£9.2bn), […]

The power line linking Armenia and Georgia is getting a boost, thanks to a €95.2 million (£68m) loan announced today. The European Investment Bank (EIB) said it is providing €10 million (£7.2m) while German bank KfW is lending €85.2 million (£61m) for the project. The cash will be used to build the new electricity transmission […]

Germany’s federally-owned bank KfW said it has sold $1.5 billion (£0.9bn) of green bonds in the US, a record offering in America. Green bonds are fixed income securities designed to raise capital to finance environment and climate protection projects. The bonds, issued by Bank of America Merrill Lynch, Citi and Morgan Stanley, have a maturity […]

Two German banks are backing a Swedish wind project by providing a loan worth €84.5 million (£72.6m) in total. The wind farm will initially have a total capacity of 84.6MW and include 36 turbines. KfW IPEX-Bank and Stockholm-based SEB AG will split the amount equally for the project, which will be located in the north […]

Germany’s national infrastructure bank is set to provide €100billion (£78.6billion) for renewables and energy efficient projects. KfW plans to make the investments in the next five years and said the increase in green investment will see the bank play a key role in Germany’s plans to transition away from nuclear power while cutting greenhouse gas […]

A report by a sustainability thinktank has called for the UK’s Green Investment Bank initiative to be rolled out across the rest of Europe. And the report, by non-profit European organisation E3G, also states that there is no point in Europe pushing for a 30% cut in emissions if it continues to import fossil fuels […]