The European Investment Bank (EIB) and the Portuguese Government joined forces to promote the development of the hydrogen sector in the country. EIB Vice-President, Ricardo Mourinho Félix, and Minister of the Environment and Climate Action, João Pedro Matos Fernandes, signed today in Lisbon a Memorandum of Understanding (MoU) during the High Level Conference “Hydrogen in Society - Bridging the Gaps”, organised by the Portuguese Presidency of the Council of the European Union.. The proposed MoU is a non-binding agreement aimed at fostering cooperation between the two entities in the sector.
The European Investment Bank (EIB) will provide up to €28.2 million in financing to support the water distribution optimisation investments of Águas do Interior – Norte (AdIN), a company that exclusively provides water supply and waste management services to eight municipalities in the north of Portugal. The operation is supported by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe.
As part of a series of events organised to debate on current trends in investment in different EU Member States, the European Investment Bank (EIB) and Banco de Portugal hosted a conference entitled “Investment, digitalization and green financing: The Portuguese case.”