EIB and SaarLB sign €70m green project deal

In:

Renewable energy

Region:

Europe

The European Investment Bank and Landesbank Saar (SaarLB) have signed a €70 million guarantee agreement to give Landesbank Saar scope for loans to finance climate action projects in France and Germany.

The agreement states that the EU bank will guarantee a maximum of 50% of the value of up to ten of SaarLB's existing loans for wind and solar power projects.

The transaction is the second tranche of a €150 million guarantee framework between the EIB and SaarLB, with the first EIB guarantee for €80 million signed two years ago.

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