EU bank lends €300m to upgrade Dutch power grid

The European Investment Bank (EIB) is lending €300 million (£271m) to help upgrade the electricity grid in the Netherlands. Liander, a subsidiary of Dutch network company Alliander, will use the loan to finance parts of the renewal and expansion of the distribution network. Improvements will be made to the grid in the areas where the […]

Welsh Water secures £250m for green energy

Welsh Water has secured a £250 million loan from the European Investment Bank for renewable energy. The water firm currently generates 20% of its power from green sources such as wind, hydro, solar and anaerobic digestion. The loan is expected to help increase that to 30% by 2019. One of Welsh Water’s projects include the […]

EU bank lends €250m for German renewables

The European Investment Bank (EIB) has signed an agreement to lend €250 million (£216m) for renewable energy projects in Germany. The financing will allow Deutsche Kerditbank (DKB) to mobilise a total investment volume of €500 million (£431m), half of which will be provided for green projects. Ambroise Fayolle, EIB Vice President responsible for operations in […]

EU bank lends £500m to upgrade UK power system

The European Investment Bank (EIB) has agreed to provide £500 million to upgrade the UK’s power system. The 20-year loan facility will support UK Power Networks’ plans to improve critical energy infrastructure across London, the East of England and South East over the next seven years. The company, which distributes 27% of the UK’s electricity, […]

EU bank expands support for efficiency projects in Lithuania

Energy-saving projects in Lithuania are getting a further boost with a €40 million (£33.5m) loan from an EU bank. It is the third agreement between the European Investment Bank (EIB) and Siauliu bank – with the aim of increasing energy efficiency of the housing sector. Multi-apartment building administrators and owners can apply for 20-year loans […]

France gets €500m loan to upgrade power grid

An EU bank has agreed to provide a loan worth €500 million (£424.8m) to help France upgrade its electricity grid. The cash from the European Investment Bank (EIB) will finance seven high voltage and very high voltage power grid projects until 2016. RTE, France’s power grid owned by EDF, signed an agreement for the first […]

EU bank gives South Africa €50m for first solar tower

An EU bank is giving a €50 million (£39.9 million) fund to South Africa for its first solar tower initiative. The 50MW Khi Solar One project will consist of a 200m high tower and more than 4,500 heliostats, which are large moving mirrors, to reflect light onto the tower. The plant will use concentrated solar […]

International bank helps Moldovans cut energy bills

A London based bank has provided loans worth €10 million (£8 million) to a Moldovan bank to help households and businesses cut their energy bills. The loans from the European Bank for Reconstruction and Development are expected to help Moldova-Agroindbank provide long-term funding to industrial and residential clients implement energy saving projects under the country’s […]