REPowerEU+ supports projects in the following areas:
- Renewable energy, energy efficiency and grid development
Expanding and accelerating financing of renewable energy projects, as well as targeted energy and sustainable transport infrastructure such as electricity grids and storage or electric vehicle charging infrastructure.
- Net-zero technologies and raw materials
Financing the manufacturing and production of key net-zero infrastructure for strategic green technologies and the extraction, processing and recycling of strategic raw materials crucial for the green transition.
- Workforce development
Investments in skills and training for the green transition, including workforce training, support for education systems and higher education institutions.
We work with public and private sector partners to increase investment in energy projects.
Our advisory services offer a wide range of assistance to urban and regional development and many other clients who need help finding the right finance or assistance in developing a project correctly.
For climate projects, we provide innovative finance products that are not easily found in the private sector, and we can provide grants and technical assistance to get projects started.
REPowerEU in action
The European Investment Bank (EIB) has granted a €150 million loan to Cepsa to install over 1 800 ultra-fast charging stations for electric vehicles across Spain and Portugal service stations. The project is part of Cepsa's strategy to install ultra-fast chargers in its service stations during this decade. This financing arrangement promotes the electrification and decarbonization of the road mobility and the transition to a more sustainable model. It also supports Cepsa’s decarbonisation strategy “Positive Motion”.
The European Investment Bank (EIB) Group is providing a €175 million guarantee to support LBBW’s lending in the renewable energy sector. The synthetic securitisation transaction will free up capital that will then be used to channel €350 million in new financing from LBBW for clean power projects, thus contributing to the decarbonisation of the German economy and to Europe’s energy independence. This is one of the first transactions of its kind in Germany.
The European Investment Bank (EIB) is providing €50 million towards the upgrading and decarbonisation of Bocconi University in Milan to provide modern, sustainable, state-of-the-art facilities for students. The loan signed today in Milan by EIB Vice-President Gelsomina Vigliotti and Bocconi Managing Director Riccardo Taranto is the first €30 million tranche of total financing of €50 million approved by the EIB.
The EIB, a long-standing partner
Our support to the energy sector
We finance sustainable energy projects worldwide. We help reduce emissions and energy bills by providing more financing for clean energy and innovative solutions to make the world a cleaner, greener place for future generations.
Over the past decade, the EIB Group has invested almost €106 billion in the EU's energy sector, enabling Europe to maintain a resilient energy supply. The EIB had a record year in 2022 in terms of energy financing volume, providing more than €17 billion for projects in the sector.