Donata Riedel
- EuropeanInvestmentBank
- Communication Department
- Lennéstraße 11
- D-10785 Berlin
- Germany
The European Investment Bank (EIB) is lending €400 million to municipal energy supplier Thüringer Energie AG (TEAG) to upgrade and digitise the electricity grid in Thuringia. The co-financed EIB project totalling around €600 million will upgrade and expand the grid in rural areas to meet the needs of the energy transition.
The European Investment Bank (EIB) will provide a framework loan of €100 million to Deutsche Kreditbank (DKB) to finance onshore wind and solar photovoltaic projects in Germany. Using the EIB loan, DKB will invest at least €200 million to support companies that are setting up small and medium-sized green energy projects, with investment costs of up to €50 million for the individual sub-projects.
The European Investment Bank (EIB) is providing €100 million to support the modernisation of educational institutions in the German state of Brandenburg. The framework loan will be provided to Investitionsbank des Landes Brandenburg (ILB), which will in turn finance new construction, modernisation and digitalisation at educational institutions on behalf of the state government. Digitalisation investments will include both the purchase of IT equipment and IT training for teachers.