France

The European Investment Bank (EIB) and Fairmat, a French company specialised in recycling carbon fibre composite materials, have signed a €25 million venture loan agreement. Founded in 2020, the company is a pioneer in recycling carbon composite, and has developed a recycling process that is almost carbon-neutral and saves four times the CO2 compared to producing new composite.

The European Investment Bank and Eau du Ponant have signed an €80 million loan to finance the multi-annual investment plans of Brest Métropole and the intercommunal area of Pays de Landerneau-Daoulas, which are to be carried out by the local public company. Eau du Ponant produces and supplies drinking water and collects and treats wastewater. It is the first local public water company in France to benefit from EIB support.

The European Investment Bank (EIB) and Ayvens, a leading global sustainable mobility player, signed in December 2024 a new financing agreement to rollout a fleet of 19 000 electric light commercial vehicles (eLCV) in Europe, primarily in Germany, France, Italy, and the Netherlands, over the next three years. This agreement, which breaks down into a EUR 350 million credit envelope granted by the EIB (on favourable financial conditions) and an equivalent EUR 350 million co-investment made by Ayvens, will help companies to finance their electric transition.