Austria

The European Investment Bank (EIB) and Barclays Europe have agreed a new cooperation to back EUR 800 million of new investment in the wind energy supply chain across the EU, helping manufacturers and suppliers deliver next-generation wind projects and strengthen Europe’s energy resilience.

Erste Group Bank AG (Erste Group) has signed a 200 million euro guarantee framework agreement with the European Investment Bank (EIB) to accelerate investments in wind energy projects across the European Union (EU), becoming the first bank in Austria to join this EIB initiative.

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.