The European Commission and the European Investment Bank (EIB) Group are partnering with Europe’s national promotional banks (NPBs) and international financial institutions (IFIs) to develop new financing opportunities for affordable and sustainable housing across Europe. At the EIB Group Forum in Luxembourg today, European Commissioner for Energy and Housing Dan Jørgensen and EIB Group President Nadia Calviño underlined […]
Commission and EIB announce new partnership to support investments in the European battery manufacturing value chain
Today, the European Commission and the European Investment Bank (EIB) are announcing a new partnership to support investments in the EU’s battery manufacturing sector. This partnership will see a €200 million top-up (loan guarantee) to the InvestEU programme from the EU Innovation Fund. It comes in addition to €1 billion in grants to support electric vehicle battery […]
EIB and Valencia regional government sign €470 million loan to finance green, social and digital projects under EU fund programmes
The European Investment Bank (EIB) has signed a €470 million loan with the regional government of Valencia to co-finance a series of green, social and digital investments in the Spanish region. Through the EIB loan and co-financing from the Valencia regional government, support will be provided for projects included in the 2021-2027 operational programmes of EU […]
Spain: EIB and Iberdrola agree a €700 million green loan for power grid expansion
The European Investment Bank (EIB) approved a €700 million green loan to expand Iberdrola’s electricity-distribution grid in Spain. An initial, €500 million tranche was signed in Madrid by EIB Director General for European Union Operations, Jean-Christophe Laloux, and Iberdrola Finance, Control and Corporate Development Director José Sainz Armada. The total investment under the project amounts […]
Spain: EIB and Otua sign €40 million loan to back the construction of a waste recycling plant in the Basque Country
The European Investment Bank (EIB) and Basque Country-based Otua Group have signed a €40 million loan to finance the construction of a new plant for recycling plastics from automotive waste and to upgrade existing facilities for processing metal waste. The EIB loan promotes the transition to circular economy – in which industrial materials get reused rather […]
Brazil: EIB lends €300 million to Banco Santander Brasil for small-scale solar energy investments
The European Investment Bank (EIB), the world’s largest multilateral public bank, and Banco Santander (Brasil), the largest foreign bank in Brazil, have signed an agreement to foster the use of renewable energy in Brazil. Ricardo Mourinho Félix, Vice-President of the EIB, and Carlos Rey de Vicente, Banco Santander’s Regional Head for South America, signed a […]
The Commission and the European Investment Bank announce the creation of HERA Invest
The Commission and the European Investment Bank announce the creation of HERA Invest, a €100 million top-up to the InvestEU programme, to support research and development (R&D) in the most pressing cross-border health threats, financed by the EU4Health programme. Currently, European companies find it difficult to access sufficient public and private funding for the development and scaling up of cutting-edge solutions in health […]
Commission and EIB announce €18M to boost investment in climate actions
The European Commission and the European Investment Bank have announced €18 billion in funding under Global Gateway, Europe’s investment strategy for partner countries. It will stimulate investment in Global Gateway priority areas (climate action, clean energy and connectivity) in European partner countries around the world. In particular, these projects will work to address the global […]
EIB underwrites €55m green loan for wind farm in Castile and León
The European Investment Bank (EIB) has officially approved a EUR 55 million green loan to a joint venture between Iberdrola (75%) and Caja Rural de Soria (25%) for the construction of one of Castilla y León’s largest wind farms. The Buniel wind farm in the province of Burgos has a total capacity of approximately 100 […]