Signature of a Memorandum of Understanding between the EC, the EIB and the World Bank

The European Investment Bank (EIB) Group is providing a €60 million guarantee to asset manager Sienna IM to increase financing for biodiversity in Europe. The support is being provided by the EIF, part of the EIB Group, to cover financing by the Sienna Biodiversity Private Credit Fund[1], a fund devoted to restoring and protecting biodiversity in Europe. The EIF guarantee covers up to 70% of the credit risk of small and medium firms and is being granted under the InvestEU Sustainability Guarantee.

Today the European Investment Bank (EIB) and Eni signed a 15-year loan for €500 million to convert selected units of Eni’s Sannazzaro de’ Burgondi refinery, located in the Italian province of Pavia, into a biorefinery. The agreement was signed by EIB Vice-President Gelsomina Vigliotti and Eni CEO Claudio Descalzi.

The European Investment Bank has, over the past 8 years, been supporting the Ministry of Infrastructure and Transport and OSY in the progressive expansion of the Athens bus fleet with electric vehicles.  This transition is increasing electricity demand and warrants a need for a long-term investment plan for energy supply and management in bus depots. In response, the European Investment Bank Advisory Team (EIB Advisory) will work with the Ministry of Infrastructure and Transport and OSY S.A. to develop a programme that will ensure that energy needs and charging infrastructure will be delivered to support ongoing investment in electric buses in Athens.