ADVERTISEMENT

EIB approves EUR 1.4 bln in financing for renewables in Europe, Africa

Green Energy

The European Investment Bank (EIB) has approved EUR 1.4 billion in financing for renewable energy, the lender announced.

The funds will support large-scale solar power deployment across Spain, small-scale renewable energy projects in Germany, investment in clean energy and energy efficiency by companies in Austria, and geothermal power in East Africa.

The EIB board also approved financing and technical support to boost sustainable and reliable energy supply and improve energy efficiency in schools, hospitals and businesses across Africa, the bank said.

The funding for renewable energy is part of a EUR 4.1-billion financing that EIB has granted to support sustainable transport, education and social housing and help companies strengthen their business in the COVID-19-impacted economy, it said. 

ADVERTISEMENT

MKIK: Local business tax should be maintained Analysis

MKIK: Local business tax should be maintained

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.