EU banks on Indian renewables with €150m loan

The projects, which include solar and wind power, are expected to benefit more than 1.1 million homes in the country

EIB provided record billion Euros of new solar last year

The EU’s bank provided more than a billion dollars worth of funding for solar energy projects around the world in 2017

EU bank backs giant Swedish battery project

Plans to build what Europe’s biggest battery plant in Sweden has received financial backing from an EU bank. The European Investment Bank (EIB) has approved a loan of up to €52.5 million (£46.7m) for Northvolt’s factory in Vasteras for the manufacturing of lithium-ion batteries. Two former Tesla executives unveiled the plan for the $4 billion […]

EIB approves €6.5bn for new energy and transport projects

The European Investment Bank (EIB) has approved a total of €6.5 billion (£5.8bn) of new financing for 36 projects across Europe, Africa, Asia and South America. Around €1.5 billion (£1.3bn) will be spent financing for Trans-Adriatic Pipeline, which is planned to cross Greece, Albania and the Adriatic Sea before coming ashore in Southern Italy to connect […]

EU bank backs Austrian wind with €48m financing

The European Investment Bank (EIB) is providing €48 million (£41.9m) in financing for the construction and operation of three new wind farms in Austria. They will have a total capacity of 39MW and will be operated by Windkraft Simonsfeld, which has a portfolio that amounts to 168MW. The new wind farms will generate enough electricity […]

Gas-powered buses hit the streets of Palma

The European Investment Bank (EIB) has agreed to provide a €30 million (£26.3m) loan to replace buses in Palma de Mallorca with less polluting gas-powered models. The money will help transport firm Empresa Municipal de Transportes swap its existing diesel-powered vehicles with newer, safer and cleaner compressed natural gas (CNG) versions. The agreement, which was […]

Ukrainian city’s metro gets €160m upgrade

The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) are each providing a €160 million (£141m) loan to support the expansion of the metro system in Ukraine’s second largest city. The banks say the Kharkiv Metro will benefit from 3.5 kilometres of new line, two new stations, a modern depot […]

MPs launch new inquiry into green finance

The Environmental Audit Committee (EAC) has launched a new inquiry into green finance. It will scrutinise the government’s strategy to develop “world leading green finance capabilities” and is interested in how investment in longer term sustainable development can be incentivised across the economy. The inquiry will examine a number of areas, including the measures set […]

EU bank lends €30m for sustainable projects in Netherlands

A €30 million (£26.9m) loan has been guaranteed for sustainable energy projects in the Netherlands. The European Investment Bank (EIB) is providing the money to Limburgs Energie Fonds (LEF), a fund established by the Province of Limburg and managed by Finquiddit. The fund invests in small to medium sized projects in the areas of carbon […]

Energy efficiency in Stockholm gets €56m boost

The European Investment Bank (EIB) is lending €56 million (£49m) to build “nearly zero-energy” apartments in Stockholm. Non-profit private housing firm SKB will upgrade 349 apartments between 2018 and 2021 and reduce the amount of energy consumed to less than 55kWh per square metre. Alexander Stubb, EIB Vice President said: “This brings us one step […]