BRUSSELS, 21st June, 2024 (WAM) -- The Board of Directors of the European Investment Bank (EIB) today approved €12.8 billion of new financing to upgrade sustainable transport, increase renewable energy use, build new student housing, improve earthquake and flood protection, and help business to expand.
€2.6 billion of new energy investment was approved by the Board. This includes new wind and solar power schemes, upgrading and expanding electricity distribution, financing small scale renewable energy use by industry and backing biofuel and biomethane production.
Amongst the new clean energy schemes agreed today are construction of a new onshore windfarm in Lithuania, district heating in the Netherlands and small-scale renewable energy projects across France and the Hellenic Republic.
“Today we approved nearly €13 billion for flagship projects around Europe and beyond. From high-speed rail in Portugal, sustainable transport in Kyiv, Lille and Helsinki, renewable energy in Lithuania and support for small businesses. These investments will improve lives, and they signal the EIB Group’s commitment to continue supporting targeted investment that will boost European resilience, productivity growth and innovation,” said EIB President Nadia Calviño.