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Austria: Erste Bank and EIB support €1.5 billion investment in affordable housing
Under a new financing arrangement, the EIB Board of Directors has made an additional €200 million available to Erste Bank, on top of the previous €600 million, for subsidised and non-profit housing. These funds can be combined under a new initiative to not only address the lack of affordable housing in Austrian cities, but also to adapt the existing housing supply to the needs of youth and older individuals.
Austria: EIB supports hydropower expansion in Upper Austria
The European Investment Bank (EIB) has granted Energie AG Oberösterreich in Upper Austria a financing package of up to €400 million to expand hydropower. Energie AG plans to invest a total of over €600 million in a new pumped storage power plant in Ebensee and a planned run-of-river hydropower plant in Roitham/Traunfall.
Austria: Land Burgenland and Burgenland Energie partner with EIB on largest wind and solar project portfolio
Together with Austria’s largest banks (UniCredit Bank Austria, Raiffeisen Bank International, Erste Bank and Wiener Städtische) and European financing institutions (Landesbank Baden-Württemberg and Talanx Group), the European Investment Bank (EIB) is helping fund the largest-ever portfolio for the construction of solar and wind power plants in Austria with a loan of €250 million. Erste Bank and Landesbank Baden-Württemberg will provide a further €100 million in loans supported by the EIB. This is the biggest financing project for green energy from solar and wind in Austria that the EIB has ever participated in.