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Italy: EIB provides €225 million to Iren to promote circular economy and energy efficiency
The European Investment Bank (EIB) and Iren Group have signed a new €225 million finance contract to support the company’s investment plan for 2025-2028. Signed today in Milan by EIB Vice-President Gelsomina Vigliotti and Iren Executive President Luca Dal Fabbro, the operation aims to back a range of measures designed to promote the circular economy and energy efficiency by strengthening waste collection systems and implementing steps to reduce buildings’ energy consumption.
European Union and IDB provide $150 million for major upgrades to Paraguay’s electricity transmission network
The European Investment Bank (EIB), through its development arm EIB Global, the Inter-American Development Bank (IDB) and the European Commission have announced a significant co‑financing package to modernise and reinforce Paraguay’s electricity transmission system. The operation will support the construction of the new 500/220 kV Emboscada substation and associated transmission lines. This strategic investment will strengthen the interconnected national system, improve security of supply for the metropolitan and central systems, and create the backbone for further renewable energy and interconnection projects.
EIB Group financing in Portugal reached €3 billion in 2025, with record investments in housing, climate action, transport and innovation
The European Investment Bank Group (EIB Group), which comprises the European Investment Bank (EIB) and the European Investment Fund (EIF), boosted its investment in Portugal in 2025, reaching €3 billion, 43% increase vs. previous year. This figure is expected to unlock approximately €12 billion in investments, corresponding to almost 4% of the country’s GDP.