At the United Nations Climate Change Conference of the Parties (COP26) in Glasgow, European Commission President Ursula von der Leyen and Bill Gates, the Founder of Breakthrough Energy, together with European Investment Bank President Werner Hoyer, have officially entered into a pioneering partnership that will boost investments in critical climate technologies. Today’s signing of a […]
ADB, EIB Sign MOU on Core Areas of Climate, Environment – EQ Mag Pro
GLASGOW, UNITED KINGDOM : The presidents of the Asian Development Bank (ADB) and European Investment Bank (EIB) signed a memorandum of understanding (MOU) today setting out areas of cooperation in Asia and the Pacific over the next 5 years. Under the MOU, signed on the sidelines of COP26 in Glasgow, the institutions agreed to work […]
COP26: New partnerships and initiatives to support climate action worldwide – EQ Mag Pro
EIB will triple climate adaptation finance with new Adaptation Plan EIB Group engages with clients to help them align to the goals of the Paris Agreement EIB joins global partners to support more ambitious climate action The European Investment Bank (EIB) Group will participate in the United Nations Climate Change conference COP26 in Glasgow from […]
Netherlands: EIB finances TenneT electricity transmission corridor supporting renewable energy production – EQ Mag Pro
EIB signs a €250 million loan agreement with TenneT to finance the 40km high voltage electricity transmission corridor in the north of the Netherlands between Eemshaven and Vierverlaten, as well as the new high voltage substation in Vierverlaten. The upgraded energy infrastructure will, amongst others, support the connection of North Sea wind farms to the […]
EIB Vice-President Lilyana Pavlova visits Skopje and reaffirms EIB support for North Macedonia’s green and digital development – EQ Mag Pro
The EIB is committed to supporting new projects for climate action, climate adaptation and mitigation by providing accessible finance and technical assistance. To date, the EIB Group has invested some €1 billion in the economic and social development of North Macedonia As part of the Team Europe financial package for the COVID-19 recovery in the […]
Spain: EIB Signs Agreement With Solaria to Co-Finance the Construction of Seven Photovoltaic Plants Generating 477 GWh of Renewable Energy a Year
The EU bank will provide Solaria with a total of €54 million via a project finance arrangement. The plants will be located in Castilla y León, Castilla-La Mancha and Extremadura. They will have a total capacity of 261.05 MWp and generate around 477 GWh a year, which is equivalent to the power consumption of 121 300 Spanish homes. […]
EIB Signs Advisory Agreement With Hydrogen Europe
The European Investment Bank and Hydrogen Europe sign advisory services agreement. The agreement will help to identify projects that could receive EIB financing and support their bankability. Total investment in clean hydrogen in Europe is expected to reach up to €470 billion by 2050. The European Investment Bank (EIB) and Hydrogen Europe, an umbrella association representing […]
RES4Africa, Enel Green Power And the EIB Encourage African Youth to Find Green Energy Solutions to Community Challenges
Micro-Grid Academy Young Talent of the Year 2021 Award recognises eight sustainable energy innovators from across Africa; African youth encouraged to find green energy solutions to community challenges; RES4Africa, Enel Green Power and the European Investment Bank highlight transfomational ideas from Kenya, Lesotho, Mozambique, Nigeria, Tanzania and Zambia. The second Micro-Grid Academy Young Talent of […]
Scaling-Up Off-Grid Solar Across Africa – EIB And International Solar Alliance Study Identifies Solutions to Unlock Energy Access For 120 Million Households
New analysis identifies challenges and solutions to transform clean energy; In-depth research in Nigeria, Uganda and Rwanda provides framework for continent; Study provides specific policy guidance for African countries based on barriers; EIB (www.EIB.org) confirms financial and technical support for off-grid to transforming energy access for 120 million African households lacking electricity. The European Investment […]
Off-Grid Solar Access Solutions For Africa Identified in Report
The European Investment Bank (EIB) and the International Solar Alliance have published a new study outlining access solutions to overcome key affordability and investment challenges holding back off-grid solar investment across Africa. The new analysis identifies challenges and solutions to transform clean energy and how these solutions could potentially unlock energy access for 120 million […]