The European Investment Bank (EIB) has granted a Eur180 million loan to the Renault Group to contribute to R&D for a new generation of batteries and motors for electric vehicles. The loan will be used in France to develop future generations of motors for electric vehicles, so helping to develop extensive expertise in products and … Read more
A collaborative project bringing together three of Europe’s leading utilities and wave energy technologies provided by Aquamarine Power and Pelamis has been selected by the UK Government for a major European funding bid. The Pentland Orkney Wave Energy Resource (POWER) project is the only wave energy bid being put forward by the UK Government to … Read more
In 2010, the European Investment Bank (EIB) increased financing for climate action projects to Eur19 billion, representing an impressive 30% of its lending in the European Union. Significantly up from Eur16 billion the year before, this is a new landmark in supporting sustainable growth and building a low-carbon future in Europe. In 2010, total EIB … Read more
The European Investment Bank (EIB) is providing a loan of Eur150 million to MOL (Hungarian Oil and Gas Company) to co-finance the construction of 205 km long natural gas transmission pipeline between Varosfold and the Croatian-Hungarian border. The project will create a bi-directional gas transmission between Hungary and Croatia. It covers also the construction of … Read more