EIB invests €10bn to help towards green energy

The European Investment Bank (EIB) has approved nearly €10 billion (£7bn) to help towards environmental, renewable energy and climate-related projects in more than nine countries. Amongst the projects approved include […]

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The European Investment Bank (EIB) has approved nearly €10 billion (£7bn) to help towards environmental, renewable energy and climate-related projects in more than nine countries.

Amongst the projects approved include the large scale roll out of smart meters to in the UK, easier access to lending for small renewable energy projects in Germany and France and upgrading inland waterways in the Netherlands.

Schemes were approved in Austria, France, Germany and the United Kingdom as well as Armenia, Kazakhstan and across Africa.

The board also approved support for two renewable energy funds to finance smaller projects in France and across Europe.

Outside Europe the EIB will also support investment in renewable energy infrastructure in Nepal, emergency reconstruction of public infrastructure in Georgia following recent floods and restoration of the 41km access road to East Africa’s principal sea port in Mombasa.

Financing was agreed, subject to final negotiation, for a total of 45 projects.