Monday, June 1, 2015

EIB's investment plan for Europe: energy efficiency, renewable energy, and strategic energy infrastructure projects

The  European Investment Bank (EIB) Group’s Board of Directors approved loans with total amount of EUR 8 billion for 21 projects, The projects will also be supported from an EU budget guarantee under the European Fund for Strategic Investments (EFSI) once it is formally established. The loan package contains support to several sustainable energy projects, including:
  energy efficiency investment to reduce heating bills of private homes in France; new renewable energy and related transmission links in northern and western Europe; reduction of industrial energy use in Finland; and improvement to gas transmission in Spain. Backing for a modernisation of a regional hospital in Austria, support for sustainable investment by local authorities in Spain and Hungary, upgrading urban infrastructure in Ukraine are among other projects approved by EIB.