Press secretariat

The European Investment Bank (EIB) and BBVA signed two key agreements to boost green finance and reinforce technical capacity in climate action across the financial sector.

The European Investment Bank (EIB) is intensifying efforts to spur energy savings by businesses across Europe with a €60 million commitment to launch a financing platform run by energy transition investment advisor, Solas Capital. The EIB will invest the sum into Solas Capital’s successor fund, Solas Sustainable Energy Fund II (“SSEF II) to advance energy efficiency projects by small and medium‑sized enterprises (SMEs)—the backbone of the European economy.

The European Investment Bank (EIB) is stepping up support for energy savings by businesses in Europe with a €100 million pledge to a project run by European asset manager Eiffel Investment Group. The EIB commitment is to the Eiffel Energy Efficiency Co-Investment Facility, which aims to bolster the competitiveness and reduce the carbon footprint of small and medium-sized enterprise (SMEs) by cutting their electricity and fuel costs and switching to green energy sources.