EIB invests €75m in the INFRAGREEN IV fund
The European Investment Bank has invested €75 million in the INFRAGREEN IV fund by French management company RGREEN INVEST. It brings the fund's size to €480 million - on the verge of its targeted €500 million.
The fund's aim is to finance infrastructure projects related to the energy transition and adaptation to climate change across Europe.
RGREEN INVEST aims to continue raising funds until the end of the subscription period in March 2021 to reach the regulatory maximum amount of €650 million. To date, more than €150 million from the INFRAGREEN IV fund has been invested and committed in European infrastructure projects, in particular in France.
The EIB had already invested €50 million when the INFRAGREEN III fund - which closed in December 2018 above its capital raising targets, for an amount of €307 million.
