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Investing in sustainable energy

Over 80% of the world's energy consumption relies on fossil fuels. To limit global warming to 1.5°C, significant investments in energy efficiency, renewable energy, electricity networks, and innovative technologies—such as floating offshore wind power, battery storage, and low-carbon hydrogen—are essential.

Over the past decade, the European Investment Bank has invested approximately €147 billion in the EU's energy sector, and supported clean energy projects worldwide. These investments are helping Europe navigate the challenges posed by Russia’s invasion of Ukraine.

€28

Billion

EIB financing for energy projects in 2024

The EIB, a long-standing partner

Our support to the energy sector

Energy investments

Here is an overview of our green energy investments in 2024.

Solar

Our financing of solar power has quadrupled since 2020, reaching more than €4.5 billion.

Wind

We have supported wind technology for decades, with an investment of €5 billion. 

Energy efficiency

We have financed €7.5 billion in energy efficiency projects.

Grids

Decarbonisation depends on investment in electricity networks and storage, for which we provided €8.5 billion.

Supporting the EU Clean Industrial Deal

Our package for EU competitiveness and decarbonisation

The EIB Group has secured new financing for the EU's Clean Industrial Deal. Through strategic initiatives, the EIB Group is mobilising €40 billion to enhance Europe's energy security, competitiveness, and industrial leadership in clean technologies.

custom-preview

Grids manufacturing package

We provide counter-guarantees through partner banks to manufacturers of grid components, ensuring sustainable supply chains and giving companies the support needed to scale up production of electricity networks across Europe. This initiative connects renewable energy sources to the grid, delivering green, affordable power to EU businesses and households.

billion

Wind energy manufacturing support

We top-up our existing EIB packages supporting European wind turbine and component manufacturers. This additional finance addresses the challenges of higher costs, fluctuating demand, supply-chain disruptions, and intense global competition facing the wind energy sector.

billion

Corporate Power Purchase Agreements (PPAs)

We launched a pilot programme with the European Commission to support businesses with their energy costs while accelerating green energy investment. The EIB provides counter-guarantees through partner banks for PPAs undertaken by mid-sized and larger energy-intensive companies for long-term clean electricity purchases.

million

CleantechEU Guarantee Scheme

We support highly innovative small and medium-sized enterprises (SMEs) active in developing green technologies. This EIB and European Commission initiative provides crucial financial backing for SMEs driving innovation in the cleantech sector.

million

REPowerEU

An EU plan for the green transition

Our energy lending policy

Support for your project

We provide financing and advisory services for projects that improve and expand renewable energy, energy efficiency, access and innovation.

Financing

Advisory services

Our advisory services offer a wide range of support for clients that need help finding the right finance or developing a project successfully.

In the European Union, the EIB assists clean energy projects through the European Local Energy Assistance (ELENA) grant programme, the InvestEU Advisory Hub, including its ADAPT advisory platform and the Joint Assistance to Support Projects in European Regions (JASPERS). Through JASPERS, we help countries, regions and cities tap EU structural and Cohesion funds and money available from the Just Transition Fund.

Energy series

Investing in renewables

Key publications

Case studies

Real stories speak louder than general policies. Discover the impact of our projects

Contact us

Do you need finance or technical assistance for your project?

We offer a wide range of financial products, as well as advisory support.

Do you have a question?

For enquiries regarding the financing facilities, activity, organisation and objectives of the EIB, contact the Information Desk
Contact us
Tel.  +352 4379-22000
Frequently asked questions

Are you a journalist?

Contact our Press office
Tel. +352 4379-21000
press@eib.org
www.eib.org/press