€533 million to accelerate green energy investment
The EIB approved new support for high-impact investment to enable 1.5 million people across Africa to access clean energy and provide 55,000 solar home systems in cooperation with the German government.
The EIB also agreed to support new energy investment in Italy and central Europe that will better integrate renewable energy into national transmission networks and accelerate the roll-out of smart meters.
€250 million initiative to strengthen access to finance by business around the Baltic
Access to financing is crucial to ensure that private sector companies and entrepreneurs can expand, create jobs and adapt to business challenges triggered by COVID-19.
The EIB has agreed to support a new streamlined business financing initiative to back investment in Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland and Sweden.
€302 million for school, hospital and sustainable urban investment
The construction and renovation of 22 schools, day-care centres and sports facilities in the city of Espoo and support for rehabilitation and expansion of the Lapland Central Hospital will benefit education and healthcare in Finland.
The EIB also approved support for small scale clean transport, education, culture, social care and environmental schemes in the region of Presov in Slovakia, building on the EU Bank’s long-standing cooperation with local partners.
Supporting water investment in Italy
The EIB has approved €250 million of new financing to support investment by local integrated water utilities in the northern Italian region of Lombardy.
Overview of projects approved by the EIB Board
Details on the European Guarantee Fund