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Latvia to get solar-power boost as energy company Sunly receives almost €85 million international financing
Latvia is set to get more clean energy as a result of almost € 85 million in international financing for renewable-electricity provider Sunly. Estonia-based Sunly will use the loans from the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and SEB to build four solar parks in Latvia with total capacity of 329 megawatts (MW) – enough to meet the annual electricity consumption of up to 180,000 households.
EIB backs new military base in Lithuania with €540 million loan
The European Investment Bank (EIB) plans to lend €540 million for Lithuania to build a military base south of the capital Vilnius, highlighting Europe's collective commitment to bolster its defence infrastructure and deterrence capacity. The new base in Rūdninkai will host a German brigade, strengthening the rapid-response capabilities of the North Atlantic Treaty Organization in the region.
EIB to advise on development of military base in Lithuania
The European Investment Bank (EIB) is teaming up with the Lithuanian government to support the development in Lithuania of the Rūdninkai military base, a key project to enhance North Atlantic Treaty Organization (NATO) operations and regional security. Under an accord signed today in Vilnius, the EIB will provide advisory services to ensure that public-private partnership (PPP) agreements linked to the planned base near the border with Belarus meet market standards and follow best practices.