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EIB Backs Orsted with €500Mn Loan Agreement (Int'l. Report)
Orsted,European Investment Bank
Date: 2021-10-06
The European Investment Bank (EIB) has signed a EUR 500 million loan with Orsted to support its increased capex programme on renewable energy projects, and the conclusion of the Borssele 1 & 2 wind farms off the Dutch coast with a long-term commitment from the EIB.

The 752 MW Borssele 1 & 2 wind farms count 94 wind turbines which, through inter-array cabling, transfer their energy to an offshore substation before reaching the grid via a high-tension line which the EIB previously helped finance with TSO TenneT. (Source: Orsted, Website Release, 29 Sept., 2021) Contact: European Investment Bank, www.eib.org; Orsted Energy, Investor Relations, Allan Bodskov Andersen, +45 99 55 79 96, alban@orsted.dk, www.orsted.dk

More Low-Carbon Energy News European Investment Bank,  Orsted,  Wind,  


EIB Grants €2.48Mn to Promote Spanish Energy Efficiency (Int'l.)
European Investment Bank
Date: 2021-06-07
The European Commission (EC) reports that along with the European Investment Bank (EIB) it is allocating funds for European Local Energy Assistance (ELENA) for the Primavera project -- a €2.48 million financing for Pamplona-based Nasuvinsa -- a manager of social housing and industrial land for purchase and-or rent -- to promote energy efficiency and renewable energy in existing residential buildings in Spain.

The funds will support Nasuvinsa's communication plan, technical studies, energy audits, feasibility studies for housing energy efficiency renovations.

The ELENA programme, targeting entities across Europe, provides financial support for actions aimed at achieving greater energy efficiency and the incorporation of renewable energies. With this support, the European Union is promoting investments especially in buildings, heating networks, public lighting and clean urban transport. (Source: European Commission, PR, 7 June, 2021) Contact: Nasuvinsa, www.nasuvinsa.es

More Low-Carbon Energy News European Investment Bank,  Energy Efficiency,  


EIB Supports Spanish, Portuguese Home Energy Efficiency (Int'l.)
European Investment Bank
Date: 2021-05-14
The European Investment Bank (EIB) has unveiled a new investment of €50 million ($60.675 million US) Portuguese homes. The move follows a partnership with the Union de Creditos Inmobiliarios, a joint venture between Banco Santander and the BNP Paribas Group.

The funding, which will support individual building energy efficiency upgrades, is expected to result in a total energy saving of 57.3GWh a year. Around 75 pct of buildings in Spain and Portugal currently have low energy efficiency and, more critically, almost 85-95 of them will still be in use by 2050, according to the EIB release. (Source:EIB, Website, PR, May, 2021) Contact: European Investment Bank, www.eib.org

More Low-Carbon Energy News European Investment Bank,  Energy Efficiency,  


EIB Commits €2Bn to Renewable Energy (Int'l. Report)
European Investment Bank
Date: 2021-04-26
The European Investment Bank (EIB) last week reported approval of €3.4 billion ($4 billion) in new financing for climate action, including €2 billion ($2.418 billion) to support renewable energy projects in France and Germany, solar power in Spain and wind projects in Ireland. The financing will help improve energy distribution in Italy and covers a solar-plus-storage project that relies on both batteries and hydrogen.

The EU has also committed to cutting net greenhouse gas emissions by at least 55 pct by 2030 from 1990 levels and to be the first climate neutral continent by 2050. (Source: European Investment Bank, 23 Apr., 2021)Contact: European Investment Bank, www.eib.org

More Low-Carbon Energy News European Investment Bank,  Renewable Energy,  


EU Aims to Become Ist Climate Neutral Continent (Int'l. Report)
European Investment Bank
Date: 2021-04-26
Last week, the European Investment Bank (EIB) announced approval of €3.4 billion ($4.08bn) in new financing for climate action, including €2 billion to support the development of renewable energy projects in France and Germany, the increase in solar power consumption by homeowners across Spain, and wind projects in Ireland. The financing will help improve energy distribution in Italy and covers a solar-plus-storage project that relies on both batteries and hydrogen.

The €3.4 billion package also includes €700 million for sustainable transport, €720 million for corporate research, innovation and business investment, and €837 million for urban investment, housing, education and communications.

The EU has committed to cutting net greenhouse gas emissions by at least 55 pct by 2030 from 1990 levels and the first climate neutral continent by 2050. (Source: European Invstment Bank, 23 Apr., 2021)Contact: European Investment Bank, www.eib.org ;

More Low-Carbon Energy News European Investment Bank,  Renewable Energy,  


French Offshore Wind Farm Wins EIB Credit (Int'l. Report)
European Investment Bank
Date: 2021-03-26
The European Investment Bank (EIB) reports granting a €350 million line of credit to a consortium made up of EDF Renewables, Enbridge and wpd to co-finance construction of a planned €2 billion wind farm 10 km off the coast of Courseulles-sur-Mer, France.

The project will incorporate 64 Siemens Gamesa wind turbines totaling 450 MW and is expected to enter service in 2024. (Source: EIB, PR, NA Windpower, 24 Mar., 2021) Contact: EIB, www.eib.org

More Low-Carbon Energy News European Investment Bank,  wpd,  Enbridge,  EDF Renewables,  Offshore wind,  


EIB Funding Energy Efficient, Sustainable Bldgs. in Madrid (Int'l.)
European Investment Bank
Date: 2020-11-06
The European Investment Bank (EIB) and Madrid-based GMP PROPERTY SOCIMI (Gmp), one of Spain's largest real estate groups, are set to finance green investments that reduce energy consumption and CO2 emissions in office buildings in Madrid.

To this end, the EU bank will provide the Spanish company with €28 million in financing for the development of near zero-energy buildings (NZEBs) and retrofits aimed at improving energy efficiency. The operation is supported by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe.

The primary energy savings covered by the EIB financing will be an estimated 3 420 MWh per year (MWh/year), implying CO2 emissions savings equivalent to the average emissions produced by 124 EU households a year.

The EU bank is assisting this operation via a green energy loan, the features of which are fully in line with the requirements set out in its Climate Awareness Bonds programme. As a result, it is likely to be allocated to its portfolio of loan operations financed via the issuance of these bonds. (Source: European Investment Bank, European Commission, PR, 5 Nov., 2020) Contact: European Investment Bank, www.eib.org

More Low-Carbon Energy News European Investment Bank,  Energy Efficiency,  


EIB Supports Slovakian Energy Efficiency Projects (Int'l. Report)
European Investment Bank
Date: 2020-09-28
Reporting from the capital city of Bratislava, Slovak Investment Holding (SIH) reports it has inked an agreement with the European Investment Bank (EIB) that will create conditions for the development of energy efficiency solutions across Slovakia. The treaty is funded by the"Delivery of local investment advisory services by National Promotional Banks" call for proposals.

The funding support will allow Slovak Investment Holding to enhance its support energy efficiency solutions and enable the hiring of additional personnel and experts that will play a key role in Slovakia's transition to greater energy efficiency and a low-carbon economy. This new agreement is additional to already established energy efficiency and "smart" city cooperation between SIH and the EIB.(Source: The Mayor EU, 28 Sept., 2020) Contact: European Investment Bank, www.eib.org; Slovak Investment Holding, office@sih.sk, www.sih.sk

More Low-Carbon Energy News European Investment Bank,  Energy Efficiency,  


Development Banks Commit $61Bn to Climate Finance in 2019 (Int'l.)
Climate Change
Date: 2020-08-24
According to the 2019 Joint Report on Multilateral Development Banks' Climate Finance , in 2019 seven of the world's largest multilateral development banks (MDBs) provided $61.6 billion in climate financing, out of which $41.5 billion was offered to low-income and medium-income economies.

Of the total, $46.6 billion was used for climate mitigation and the remaining $14.9 billion was used to help countries build resilience in tackling the impact of global warming.

The seven banks include: African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank Group (IDB Group), World Bank Group (WBG) and the Islamic Development Bank (IsDB).

Download the 2019 Joint Report on Multilateral Development Banks' Climate Finance report HERE. (Source: African Development Bank, Mercom India, Aug., 2020) Contact: African Development Bank, www.afdb.org

More Low-Carbon Energy News Climate Change,  


EIB Commits €95Mn to Barcelona Climate Action Projects (Int'l.)
European Investment Bank
Date: 2020-08-03
The European Investment Bank (EIB) is reporting it will provide &euro95 million to finance roughly 40 projects in Barcelona that aim to support climate change mitigation and adaptation in the city of 5.58 million residents.

In addition to strengthening the city's climate resilience, the funding will target approximately 20 projects within the city classified as "climate vulnerable." All new social infrastructure work will focus on zero-energy buildings, initiatives to improve energy efficiency, and reduce power consumption in public and municipal buildings.

Barcelona declared a climate emergency in January 2020 and the investments now being promoted are in line with the declaration's objectives. (Source: EIB, Eurasia Review, 3 Aug., 2020) Contact: EIB, www.eib.org

More Low-Carbon Energy News European Investment Bank,  Climate Change,  ,  


Who is Investing in Energy Efficiency, Why It Matters (Report Attached)
European Investment Bank
Date: 2020-07-08
"Investments in energy efficiency improvements are vital to ensure Europe's future as a sustainable, yet prosperous economy. Amid the COVID-19 crisis, however, there is a great risk of losing sight of the benefits of energy efficiency investments by European firms. The EIB Investment Survey (EIBIS) provides a unique source of data that highlights how more investment in energy efficiency is needed.

"This report examines the quality of firms' building stock, their spending on energy efficiency measures and the factors that influence their decisions regarding that investment. It highlights that both high-quality information and advanced management practices make a crucial difference in the likelihood of investment in energy efficiency. The regulatory framework needs to be supportive, yet also push for higher energy building performance standards, while financing conditions should facilitate timely investment by firms to realize the enormous gains that can be achieved through energy efficiency improvements."

Download the Who is Investing in Energy Efficiency and Why It Matters report HERE. (Source: European Investment Bank, July, 2020) Contact: EIB, www.eib.org

More Low-Carbon Energy News European Investment Bank news,  Energy Efficiency news,  


U.S. Gain Oregon's Largest RNG Supplier (Ind. Report)
U.S. Gain
Date: 2020-05-19
Appleton, Wisconsin-based U.S. Gain, a leader in development, procurement and distribution of renewable natural gas (RNG) for the transportation and energy markets reports it has become the largest RNG supplier in Oregon through supply agreements with Salem Area Mass Transit District, Gresham Sanitary, Heiberg Garbage & Recycling and Pride Disposal, all of which operate RNG fueled fleets. This news comes shortly after U.S. Gain announced their RNG supply agreement with the Port of Seattle for use at the Seattle Tacoma International Airport.

Over the course of 10 years U.S. Gain has diversified throughout the renewable natural gas supply chain -- investing and managing RNG development projects at dairies, landfills and wastewater treatment plants; generating, trading and monetizing clean fuel credits; designing, building and operating natural gas fueling stations -- both private and a public GAIN Clean Fuel® network; dispensing alternative fuel and renewable thermal energy to forward-thinking organizations across market segments. This vertical integration allows U.S. Gain customers access to the cleanest fuel and energy at the best value.

U.S. Gain continues to invest in RNG development to expand supply for organizations seeking RNG as an alternative fuel and/or renewable thermal energy solution. As a part of U.S. Venture, Inc., a family-owned, Wisconsin-based company, U.S. Gain is committed to finding a better way for organizations to succeed -- both economically and environmentally. (Source: U.S. Gain, PR, 18 May, 2020) Contact: US Gain, Hardy Sawall, Dir. Business Dev., 800-274-4431, www.usgain.com

More Low-Carbon Energy News RNG,  Renewable Natural Gas,  Alternative Fuel,  U.S. Gain,  


French Floating Offshore Wind Project Finds Financing (Int'l. Funding)
European Investment Bank
Date: 2020-05-13
The European Investment Bank (EIB) has approved an undisclosed sum to finance the development of the 30 MW Golfe du Lion offshore floating wind project, 16 km off the coast of the Leucate-Le Barcares area in the Mediterranean Sea. .

The demonstration project will incorporate three V164 MHI Vestas 10 MW wind turbines supported by Principle Power's WindFloat semi-submersible floating foundations. The project, which is being developed by Eoliennes Flottantes du Golfe du Lion (EFGL), a consortium comprising Engie, EDP Renewables, and Caisse des Depots, is expected to be commissioned in 2022. The commissioning of the wind farm is scheduled for 2022 (Source: EIB, offshore wind biz, 12 May, 2020) (Contact: Eoliennes Flottantes du Golfe du Lion, www.info-efgl.fr; EIB, www.eib.org

More Low-Carbon Energy News Floating Wind,  Offshore Wind,  European Investment Bank,  


Nordex Installs First Heibloem Wind Turbines (Int'l. Report)
Nordex,Cooperatie Zuidenwind
Date: 2020-04-03
Wind OEM Nordex is reporting installation of the first two of its N149/4.0-4.5MW, 149-metre rotor turbines at the Heibloem Wind Farm in Limburg province, Netherlands.

The Heibloem project is being developed by German-Spanish developer Cooperatie Zuidenwind. (Source: Nordex, PR, April, 2020) Contact: Cooperatie Zuidenwind, +31 6 3309 9553, www.zuidenwind.org; Nordex, Felix Losada, +49 40 300 30 1000, +49 40 300 30 1101, flosada@nordex-online.com, www.nordex.com

More Low-Carbon Energy News Nordex,  Wind,  


EIB Commits €12Mn to Slovenian Energy Services Provider (Int'l.)
European Investment Bank
Date: 2020-02-14
The European Investment Bank (EIB) is reporting a €12 million loan to Slovenian energy efficiency and energy management solutions provider Resalta.

The loan funds will be used to accelerate commercialisation of the company's services and enhance its positive environmental impact in South-Eastern Europe and the Western Balkans. Part of the EIB loan will be used for digitalisation and development of new energy management systems such as supervising functions, technical intelligence, smart meters and sub-meters controls etc. The remaining funds will be invested in new services and IT technologies crucial for the improvement of energy performance of buildings. (Source: EIB, European Commission Europa, PR, 13 Fab., 2020)Contact: EIB, www.eib.org; Resalta, www.resalta.com

More Low-Carbon Energy News European Investment Bank,  


European Investment Bank Climate Survey (Report Attached)
European Investment Bank
Date: 2020-01-17
The European Investment Bank (EIB) has launched the second edition of the EIB Climate Survey. The findings are particularly relevant at a time when climate is one of the top priorities in the EU's agenda, and following the EIB's adoption of a new, fossil-fuel free energy lending policy and a new climate roadmap.

Conducted in partnership with market research firm BVA, the survey aims to inform the broader debate on citizens' attitudes and expectations in terms of climate action in the European Union, the United States and China. .

Download the 2nd EIB Climate Survey HERE. (Source: European Investment Bank, Website, Jan.,2020) Contact: EIB, www.eib.org

More Low-Carbon Energy News European Investment Bank,  Climate Change,  


Iberdrola Completes Europe's Largest Solar Plant (Int'l Report)
Iberdrola
Date: 2020-01-08
Madrid-headquartered renewable energy giant Iberdrola is reporting completion of the 500-MW Nunez de Balboa solar project -- the largest in Europe -- according to Iberdrola. The facility is now being tested by Spanish grid operator Red Electrica de Espana (REE) and is slated for full commercial operation in Q1, 2020.

The €290 million ($325 million) facility incorporates solar panels from Chinese manufacturers Suntech, Longi and GCL-SI. The project was financed through the European Investment Bank (EIB)and the Spanish state-owned Instituto de Credito Oficial. (Source: Iberdrola, Various Media, GTM, 3 Jan., 2019) Contact: Iberdrola Renewables, Xabier Viteri, Dir. Renewables Business, www.iberdrolarenewables.com

More Low-Carbon Energy News Iberdrola,  Solar,  


First WindFloat Atlantic Turbine Now Producing Power (Int'l Report)
WindFloat Atlantic ,Windplus
Date: 2020-01-06
Following up on our November 6, 2019 coverage, Windplus, a consortium of utilities EDP Renewables, ENGIE and Spanish oil major Repsol is reporting the first of three 8.4-mw MHI Vestas turbines of the WindFloat Atlantic project, the world's largest floating wind turbine, is now generating power off the coast of Portugal.

The WindFloat Atlantic project was partially funded with a €60 million loan from the European Investment Bank (EIB.)(Source: Windplus, WindFloat Atlantic, gtm, 2 Jan., 2019) Contact: EDP Renewables, www.edpr.com, www.edp.com/en/windfloat; Repsol, www.repsol.com; Windplus, Dr. Carsten Meyer, 0421 897 660 0, c.meyer@windplus.de, www.windplus.de; EIB, www.eib.org

More Low-Carbon Energy News EDP Renewables,  Repsol,  EIB,  Windfloat Atlantic,  Floating Wind,  Offshore Wind,  


Biorefining Startup Chrysalix Technologies Scores Funding (Int'l)
Chrysalix Technologies,Imperial College London
Date: 2019-12-13
Imperial College London reports its spin-out company Chrysalix Technologies has been awarded €2.3 million in grant funding from the European Innovation Council's Accelerator programme as well as additional investment from the European Investment Bank (EIB) and others investors.

Chrysalix Technologies BioFlex process uses waste wood and agricultural by-products as well as sustainably grown biomass to produce bioplastics, biofuels, biomaterials and greener chemicals. The process separates the different naturally occurring chemical components of wood, which are lignin, cellulose, and hemicelluloses. Once isolated individually, these components can then be used for a variety of applications such as as bio-chemicals, precursors for plastics or as new materials themselves , according to the company website. (Source: Chrysalix Technologies, Imperial College London, PR, 12 Dec., 2019) Contact: Imperial College London, www.imperial.ac.uk; Chrysalix Technologies, Twitter: @ChrysalixTech, info@chrysalixtechnologies.com, www.chrysalixtechnologies.com

More Low-Carbon Energy News Imperial College London,  ,  Biorefining,  


EIB Supports Jordanian Energy Efficiency Projects (Int'l. Report)
European Investment Bank
Date: 2019-10-21
In the capital city of Amman, Jordan is reporting receipt of a $50 million loan from the European Investment Bank (EIB) under a deal penned by the Jordanian Cities and Villages Development Bank (CVDB).

The funds will be to support sustainable development, renewable energy and energy efficiency infrastructure in roughly 100 municipalities in the Kingdom. (Source: MENAFN, EIB, 19 Oct., 2019) Contact: EIB, www.eib.org

More Low-Carbon Energy News European Investment Bank ,  Energy Efficiency,  Renewable Energy,  


EIB Set to Limit Fossil Fuels Financing (Int'l. Report)
European Investment Bank
Date: 2019-10-16
The 28-member European Union's Luxembourg-based European Investment Bank (EIB) reports it is poised to limit funding for fossil fuels and increase support for renewable, clean energy projects as part of it climate change plan. The move to support renewables is reportedly being pushed by Ursula von der Leyen, the incoming president of the European Commission, who wants the EIB to become a "climate bank" and help unlock €1 trillion ($1.1 trillion) to shift the economy toward cleaner forms of energy. Von der Leyen is also calling for the EU to deepen its current target to cut emissions by at least 40 pct by 2030 from 1990 levels.

In 2018, the EIB invested over €16 billion in climate-action projects. (Source: EIB, Bloomberg, 15 Oct., 2019)Contact: European Investment Bank, www.eib.org

More Low-Carbon Energy News Renewable Energy,  Clean EnergyEuropean Investment Bank ,  


Greek Infrastructure Fund to Invest in Energy Efficiency (Int'l.)
European Investment Bank
Date: 2019-10-04
The European Investment Bank (EIB) has announced a new Greek Infrastructure Fund with €450 million plus the participation of the country's four systemic banks to support high-priority sustainability and energy efficiency projects worth at least €650 million.

The Infrastructure Fund is a joint initiative by the Greek Finance Ministry and the EIB, aimed at bankrolling renewable energy projects and bolstering new investments aimed at improving the energy efficiency of public and private buildings. The Infrastructure Fund will use national resources in combination with European structural and investment funds. (Source: EIB, ekathimerini.com, 1 Oct., 2019) Contact: European Investment Bank, www.eib.org

More Low-Carbon Energy News Energy Efficiency,  European Investment Bank ,  


EIB Loans to Fund 21 Spanish Wind Farms (Int'l., Funding)
European Investment Bank
Date: 2019-08-09
The European Investment Bank (EIB) reports it will provide €385 million in loan funding for Alfanar Group's construction of 21 wind farms totaling 547 MW in Andalusia, Asturias, Castilla-La Mancha, Castilla Leon, Galicia and Navarra in Spain.

The EIB, the world's first and largest issuer of green bonds, is the long-term lending institution of the European Union owned by its 28 Member States. The EIB aims to dedicate at least 25 pct of its investments to climate change mitigation and adaptation, supporting low-carbon growth with climate resilience. In 2018, and for the ninth consecutive year, the EIB exceeded its climate finance target, providing €16.2 billion to promote climate action. (Source: European Commission, PR, 8 Aug., 2019) Contact: European Commission, www.eceuropa.eu

More Low-Carbon Energy News European Investment Bank ,  Wind,  


Norwegians Stiffening Wind Power Licensing Conditions (Int'l)
Wind
Date: 2019-06-17
In Oslo, the Norwegian Minister of Petroleum and Energy Kjell-Borge Freiberg is reporting a tightening of regulations relative to wind farm construction deadlines. Presently wind developers are allowed five-years to move their project from permitting to construction startup,and that deadline is often extended upon request.

The processing of 24 new licenses is put on ice until Oct. 1, when the present five-year government consultation deadline for the wind power framework expires. During the consultation period, 39 out of 244 wind project applications have been approved. (Source: Aftenposten, Xinhua, 16 June, 2019)

More Low-Carbon Energy News Wind,  Norway Wind,  Offshore Wind,  


€86Mn EIB Funding for Spanish Airport Energy Efficiency (Int'l)
European Investment Bank
Date: 2019-04-26
The European Investment Bank (EIB) and Aena, the state-owned company that manages general interest airports and heliports in Spain, have confirmed they will work together to improve the energy efficiency and environmental impact of Spanish airports, with the EIB granting a loan of € 86 million made possible by the European Fund for Strategic Investments (EFSI). The funds will finance 75 pct of the investments set to improve energy efficiency and promote the use of renewable energy in Aena's network of 46 airports and two heliports across Spain.

The energy efficiency work will include; airport lighting systems upgrades; thermal insulation in terminals will be optimized; HVAC system upgrades; and creation of a solar photovoltaic plant for on-site use is planned in Madrid. (Source: Aena, Int'l. Airport Review, April, 2019) Contact: Aena, www.aena.es/en/corporate/company-profile.html; EIB, www.eib.org

More Low-Carbon Energy News European Investment Bank,  Energy Efficiency ,  


Oxford PV Raises £31Mn for Solar Cell Commercialization (Int'l)
Oxford PV
Date: 2019-03-18
UK perovskite solar firm Oxford PV reports it has raised £31 million ($41 million) following the first close of its Series D funding round. The new funds are earmarked for advancing the company's perovskite based solar cell technology into the commercial phase.

Investors included Chinese wind turbine maker Xinjiang Goldwind Science & Tech Co Ltd., Norwegian oil and gas major Equinor ASA and the venture capital arm of Legal & General Group Plc. The company has raised mare than £76 million over the last five years, including €15 million ($17 million) in financing from the European Investment Bank (EIB). (Source: Oxford PV, Renewables, 15 Mar., 2019) Contact: Oxford PV, +44 1865 951 500, info@oxfordpv.com, www.oxfordpv.com

More Low-Carbon Energy News Oxford PV,  Solar,  EIB,  perovskite solar cell,  


Increased EIB Funds for EU Residential Energy Efficiency (Int'l)
European Local Energy Assistance
Date: 2019-02-22
The European Investment Bank (EIB) is reporting the European Local Energy Assistance (ELENA) facility will receive €97 million in new EC funding to support residential building energy-efficiency investments in both privately and publicly owned housing. The ELENA facility is focused on accelerating the energy-efficiency refurbishment of housing.

Project development services will mostly be directed towards households and homeowner associations and other organizations, such as financial institutions (including commercial banks). Public entities may also be supported with the implementation of large-scale energy rehabilitation programs. The grants are distributed through commercial banks.

In December, 2018, EU member states agreed to cut energy consumption by 32.5 pct by 2030 compared to 1990. The target implies huge investments, especially in residential buildings, which account for around 40 pct of the EU's final energy demand.(Source: EIB, Budapest Business Journal, Feb., 2019)Contact: European Local Energy Assistance (ELENA), www.eib.org/en/products/advising/elena/index.htm

More Low-Carbon Energy News EIB,  Energy Efficiency,  


EIB, CaixaBank Partner to Finance Climate Change Projects (Int'l)
European Investment Bank,CaixaBank
Date: 2019-02-20
Valencia-based CaixaBank S.A., formerly Criteria CaixaCorp,reports it is partnering with the European Investment Bank (EIB) to launch its first credit line of up to €30 million to finance climate action-focused projects.

The new loans are intended for individuals, the self-employed, small and medium-sized enterprises (SMEs), mid-caps, and public sector bodies. The credit line has been set at €12.5 million for SMEs and individuals, and a maximum of €25 million for mid-caps, with maturity periods between two to eight years. (Source: European Investment Bank, CleanTechnica, 13 Feb., 2019) Contact: European Investment Bank, www.eib.org; CaixaBank, www.caixabank.com

More Low-Carbon Energy News European Investment Bank,  Climate Change,  


EIB, CMZRB to Develop Energy Efficiency Investment Platform (Int'l)
European Investment Bank
Date: 2019-01-23
The European Investment Bank (EIB) and the Czech Guarantee and Development Bank (CMZRB) have agreed that the European Investment Advisory Hub (EIAH) will support CMZRB in developing an investment platform for energy efficiency measures in the building sector in the Czech Republic.

The platform will provide long-term sustainable financing to energy service companies, covering the default and performance risks related to EPC and PBC as well as supporting the best practices and contract standardization to facilitate energy efficiency promoters.

This innovative approach, led by CMZRB, involves key stakeholders in the energy efficiency market in the Czech Republic and will be supported by key EIB Advisory experts. Support for increasing energy efficiency investments is a priority for the EIB and is in line with EU policies. The EIB supports projects that contribute to reaching the EU's goal of increasing energy efficiency in the Union by 32 pct by the year 2020. (Source: EIB, Emerging Europe, 23 Jan., 2019) Contact: EIB, www.eib.org

More Low-Carbon Energy News European Investment Bank,  Energy Efficiency,  


EIB Inks Lithuanian Energy Efficiency Finance Deal (Int'l)
European Investment Bank
Date: 2019-01-04
The European Investment Bank (EIB) and Siaulių Bankas are reporting a guarantee agreement to continue and renew their funding for energy efficiency renovations of Lithuanian multi-apartment buildings. The EIB will provide a €30 million guarantee from the European Regional Development Fund (ERDF) for a portfolio of €150 million in loans by Siaulių Bankas to homeowners for home energy efficiency upgrades.

Technically, the operation is the first guarantee under the Lithuanian Leveraged Fund that was established in 2016 to maximise the funds available for the modernization programme, which is a key government priority. With it, the Lithuanian financing situation has seen an evolution from using financial intermediaries as agents to disburse ERDF and national funds, to an ERDF-backed guarantee to banks, who will use only their own funds to give out modernization loans. This final step will greatly improve the leverage of this financing, maximising the number of households that can receive cheaper loans. (Source: EIB, Emerging Europe, Jan., 2019)Contact: EIB, www.eib.org; Siaulių Bankas, www.sb.lt

More Low-Carbon Energy News European Investment Bank,  Energy Efficiency,  


DNV GL's Windfloat Atlantic Due Diligence Completed (Ind. Report)
DNV GL,Windplus
Date: 2018-11-09
Energy advisory and certification specialist DNV GL is reporting completion of a lenders' technical due diligence on the 25-MW Windfloat Atlantic floating wind farm project now under construction off the coast of Portugal.

DNV GL's technical due diligence reportedly helped secure the €60 million from the European Investment Bank so the project could become the world's first project-financed floating wind farm.

The project is being developed by Windplus and will incorporate three 8.4-MW MHI Vestas turbines, the largest and most powerful wind turbines ever installed on a floating foundation platform.

Windplus is a subsidiary of EDP Renewables, Repsol and Principle Power.(Source: DNG GL, Windpower Eng., 7 Nov., 2019)Contact: EIB, www.eib.org; Windplus SA, www.offshorewind.biz/tag/windplus; EDP Renovaveis, www.edpr.com; DNV GL, Liv Hovem, CEO, +47 6757 9900, www.dnvgl.com

More Low-Carbon Energy News Windplus,  DNV GL,  Floating Wind,  Offshore Wind,  ,  


EIB Funds Semi-Submersible Platform Offshore Wind Project (Int'l)
European Investment Bank,EDP Renováveis
Date: 2018-10-24
The European Investment Bank (EIB is reporting a € 60 million loan to Portuguese energy giant EDP Renovaveis subsidiary Windplus S.A. for the construction of a first-of-its-kind, semi-submersible platform offshore floating wind farm to be located about 20 km off the coast of Portugal.

The project will also be supported by the InnovFin Energy Demonstration Project facility, which is funded under the EU's Horizon 2020 research and innovation programme , and an additional €29.9 million from the EU NER300 programme, plus up to €6 million from the Government of Portugal, through the Portuguese Carbon Fund.

Until 2020, "InnovFin -- EU Finance for Innovators" offers a range of tailored products which will make available financing in support of research and innovation (R&I) by small, medium-sized and large companies and the promoters of research infrastructures. (Source: European Investment Bank, EDP Renewables, 19 October, 2018) Contact: EIB, www.eib.org; Windplus SA, www.offshorewind.biz/tag/windplus; EDP Renovaveis, www.edpr.com

More Low-Carbon Energy News European Investment Bank,  Wind,  EDP Renovaveis,  Repsol,  Windplus S.A,  

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