Blog Archives

€180 Million Loan to Renault Group For Electric Vehicles Development

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

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€235 Million Loan to Fund ‘Smart’ Investment in Ireland’s Electricity Networks

ESB and the European Investment Bank have signed a new loan facility which will provide Eur235 million funding for ESB’s ambitious investment programme to develop smarter and more sustainable electricity network infrastructure in Ireland. The loan, from the European Union’s

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Scottish Wave Project Selected as One of UK Bids For European Funding

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)

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EIB Delivers Record Lending for Climate Action in 2010

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

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Dutch Grid Project to Connect Offshore Wind Farms

The European Investment Bank has agreed to provide a Eur450 million loan to TenneT Holding to finance construction and operation of an 83km 380kV transmission connection between the Hague and Rotterdam. This will close the ‘Randstad 380’ extra-high voltage electricity

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€150 Million Loan For Hungarian-Croatian Gas Pipeline

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

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Biggest EIB Loan for Energy in the Mediterranean

The European Investment Bank has announced a Eur500 million loan to Medgaz for the construction of a gas pipeline between Algeria and Spain. The financed project consists of transporting gas energy from Algeria to Spain over a length of 210

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New Funding for Renewable Energy Companies

The Government has announced new funding for renewable energy companies in Ireland. Funding will be made available through NER300, a financing instrument managed jointly by the European Commission, European Investment Bank and Member States of the European Union. It will

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£250 Million Loan For Gas Network in Scotland and Southern England

The European Investment Bank has agreed to lend £250 million for the replacement, reinforcement and expansion of the gas distribution networks operated by Scotland Gas Networks and Southern Gas Networks. The two companies, wholly owned by Scotia Gas Networks (SGN),

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€220m Investment to Help Lower Emissions From Agricultural Equipment