EIB approves €4.9bn green financing worldwide
The European Investment Bank has approved new financing around the world to improve clean energy, sustainable transport, high-speed communications and social housing, as well as health and education infrastructure.
The EIB agreed to support €4.9 billion of financing. This included €1.7 billion of new support for corporate innovation, industrial energy efficiency and business investment through direct financing and credit lines with local financial partners.
Some €1 billion of financing will go to clean energy investment across Europe and Central Asia. This includes support for 18 new photovoltaic projects in central Spain, renewable energy projects in Austria and Italy, as well as new transmission infrastructure in the Netherlands to distribute electricity generated by windfarms in the North Sea.
The EIB will also support a new investment programme intended to cut energy use by district heating systems in Uzbekistan.
Investment of €983 million of new investment will go to sustainable transport projects. This includes upgrading urban and regional rail links in Denmark, Germany, Italy and Poland, and expanding maritime and rail freight transport capacity on routes across Europe.
