Greece secures EUR 178 million for first power link between Crete and mainland
Greece has secured a EUR 178 million long-term loan to finance the construction of the first power interconnector between the mainland and the country’s largest island Crete. The new 132 km submarine power line will ensure the security of energy supply, provide a third of Crete’s electricity needs, reduce the use of oil-fired power plants, […]
EIF backs Slovenia’s Resalta with EUR 6 million
The European Investment Fund (EIF), part of the EIB Group, will provide EUR 6 million of new equity capital to the innovative Slovenian provider of energy efficiency solutions Resalta. This capital increase will help Resalta evolve from being a start-up and implement a business plan to become a major provider of independent energy services and […]
Tendering: Technical Assistance under WBIF for energy, environment, social, transport, digital infrastructure
The European Investment Bank (EIB) has published a contract notice for the Infrastructure Project Facility – Technical Assistance – Energy, Environment, Social, Transport and Digital Economy under the Western Balkans Investment Framework (WBIF). The project will be implemented in Albania, Bosnia and Herzegovina, North Macedonia, Montenegro, Serbia, and Kosovo*. The maximum budget for the Technical […]
Applications invited for Social Innovation Tournament 2019
The EIB Institute has invited the submission of proposals from social entrepreneurs working on education, health, environment, circular economy, employment, inclusion, and aging to take part in the Social Innovation Tournament (SIT) and win six cash prizes of up to EUR 50,000 and various other benefits. The deadline for the submission of proposals is March […]
EIB launches public consultation on its energy lending policy
The European Investment Bank (EIB), one of the largest financiers of global energy infrastructure, has launched a new public consultation on financial and advisory support for the sector, to strengthen the impact of its future energy lending, according to a press release from the EU lender. Over the next three months, the EIB will engage […]
RDF-burning CHP plant project given go-ahead
The Bulgarian government has given the green light to the managing authority of Operational Programme Environment, part of the Ministry of Environment and Water, to sign an administrative agreement on financial assistance with the Sofia municipality and district heating operator Toplofikacia Sofia for the construction of a combined heat and power (CHP) plant utilizing refuse […]
EIB supports Rimac Automobili with EUR 30 million loan
The European Investment Bank (EIB) and Croatia’s Rimac Automobili have signed a EUR 30 million loan for investment in research and development of electric vehicles (EVs) and related components, the EIB said in a press release. According to the EIB, the financing will allow the innovative car company to further develop its electric driving technologies. […]
Multilateral development banks announce joint framework at COP24 to combat climate change
Multilateral Development Banks (MDBs) have announced a joint framework at COP24 for aligning their activities with the goals of the Paris Agreement, reinforcing their commitment to combat climate change, according to a joint press release. In a joint declaration, issued at the start of the 24th Session of the Conference of the Parties to the United […]
