Tag: EIB

Innovation Fund: EU invests €3.6 billion of emissions trading revenues in innovative clean tech projects

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The Commission is awarding over €3.6 billion to 41 large-scale clean tech projects, to be financed through the EU Innovation Fund. With a focus on the REPowerEU Plan and phasing out Europe’s imports of Russian fossil fuels, these projects cover a wide range of industries, such as cement, steel, advanced biofuels, sustainable aviation fuels, wind and solar Read more about Innovation Fund: EU invests €3.6 billion of emissions trading revenues in innovative clean tech projects[…]

€ 245 mil. to invest in R&D for energy efficient engines and electric cars

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The EIB and Volvo Car Corporation have signed a EUR 245 million loan agreement backing research and development activities in connectivity, efficient petrol hybrid engines, longer-range electric cars and advanced driving assistance systems. The EIB transaction with Volvo Cars was made possible by the European Fund for Strategic Investments (EFSI), which is the central pillar of Read more about € 245 mil. to invest in R&D for energy efficient engines and electric cars[…]

EU bank supports first tramway line in Tampere with EUR 150m loan

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To meet the needs of the growing city and urban area, a modern tramline system has been designed for Tampere. Fostering sustainable transport projects, the European Investment Bank (EIB) has provided a EUR 150m loan to the City of Tampere for the construction of the first section of this tramline. It is 15 km long, Read more about EU bank supports first tramway line in Tampere with EUR 150m loan[…]

EUR 170 million of loans for Spanish SMEs

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The European Investment Fund (EIF), part of the European Investment Bank Group, Ibercaja Banco, S.A. and Ibercaja Leasing y Financiación, S.A. have signed today in Zaragoza a guarantee agreement under the SME Initiative facility in Spain. The agreement aims to facilitate access to finance for Spanish SMEs by providing a 50% guarantee on the financing Read more about EUR 170 million of loans for Spanish SMEs[…]

EUR 150 million for Finnish SMEs as EIF and Nordea Bank sign SME Initiative agreement

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The European Investment Fund (EIF), part of the European Investment Bank Group, has signed an SME Initiative guarantee transaction in Finland with Nordea Bank. The agreement will improve access to finance for close to 400 Finnish SMEs, including micro companies and start-ups, by ensuring that the banks committed to the SME Initiative offer financing at improved conditions, Read more about EUR 150 million for Finnish SMEs as EIF and Nordea Bank sign SME Initiative agreement[…]

Independent evaluation of the Investment Plan reinforces proposal for extension

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The European Commission welcomes the independent evaluation of the Investment Plan for Europe published today by EY. The report strengthens the case for reinforcing, extending and expanding the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. The Commission proposed this extension on 14 September in the context of President Read more about Independent evaluation of the Investment Plan reinforces proposal for extension[…]