Peugeot bags €300m from EU for low carbon tech

French carmaker Peugeot Citroen has bagged €300 million (£254m) from the EU’s bank to help it develop low carbon technologies. The cash will be used in a programme to create cars which comply with new European standards for new cars exhaust emissions. The new ‘Euro 6.2’ rules start in 2017. Peugeot Citroen has begun a […]

Renault wins €400m for eco-friendly project

Car manufacturer Renault has been granted a €400 million (£343m) loan for research and development into affordable and environmentally friendly vehicles. The project is aimed at improving Renault Group’s ecological credentials and exploring the options of making the vehicles significantly lighter by using different materials. Renault is also seeking to develop new concepts for “next […]

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’s €180m loan for Morocco’s energy infrastructure

An EU bank is set to provide a loan worth €180 million (£146.2m) to help Morocco (pictured) extend its electricity infrastructure. The cash from the European Investment Bank (EIB) will fund the third phase of a project, which includes upgrading around 1,300 km of overhead power lines. The project aims to meet the fast-growing demand […]

Extra €75m for electric car-sharing in France

France has received an additional €75 million (£59.9 million) fund to support the development and operation of an open electric car-sharing service in Paris. Provided by the European Investment Bank (EIB), the cash follows a previous loan of €130 million (£103.8 million) last year to support research, development and innovation in energy storage. The new […]