Search results for: EIB

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  • 5 October 2015
    Authorities, Business & Finance

    On 1st October, the European Investment Bank (EIB) increased the 0.500% Climate Awareness Bond (CAB) 11/2023 by EUR 400m to bring the total amount outstanding to EUR 1bn. The bond completes EIB’s EUR Green Bond curve with a third liquid reference point in an intermediate maturity and takes the total CAB issuance to EUR 10.5bn. […]

  • 16 April 2018
    Business & Finance, Contracts & Tenders

    The Board of the European Investment Bank (EIB) has approved EUR 5.8 billion of new financing for 29 projects across various sectors in the European Union, Africa, and Latin America, including an offshore wind farm in the UK.

  • 29 November 2012
    R&D

    The European Investment Bank (EIB) and Gamesa signed a 260 million euro loan to fund the wind turbine manufacturer’s research, development and innovation (R&D+I) activities. EIB Vice President Magdalena Álvarez and Gamesa Chairman and CEO Ignacio Martín signed the loan contract this morning in Madrid. The EIB project will support Gamesa’s R&D+I programme, which is […]

  • 15 November 2019
    Business & Finance

    The European Investment Bank (EIB) is planning to support EUR 1 trillion of investments in climate action and environmental sustainability from 2021 to 2030 as part of a new energy lending policy. Following the approval of the revised energy lending policy, the EIB stated it will no longer consider new financing for unabated, fossil fuel […]

  • 30 October 2014
    Business & Finance, Grid Connection

    ESB and EIB have today signed a loan facility for €100 million. These funds will be used to enable continued investment in the electricity network in the south west region of the country to connect renewable energy to the national transmission network. This is the second part of a total loan facility of €200m agreed […]

  • 23 September 2015
    Business & Finance

    The European Investment Bank (EIB) has approved more than EUR 17 billion of new loans to support investment in telecommunications, water infrastructure, renewable energy, roads, schools and hospitals, and backed lending for small business investment across Europe and around the world. The EIB Board approved support for strategic infrastructure investment totalling nearly EUR 7 billion. […]

  • 20 August 2015
    Authorities, Business & Finance

    The European Investment Bank (EIB) is providing equity-type financing of up to EUR 75 million to Copenhagen Infrastructure Partners (CIP) to finance Copenhagen Infrastructure II, an infrastructure fund that is investing in large energy-related projects such as offshore wind, biomass and transmission schemes. The EIB said in a statement that the fund would primarily focus […]

  • 8 February 2013

    The European Investment Bank (EIB) is lending EUR 450m for the Butendiek wind farm, which will be one of the biggest offshore wind projects so far in the German part of the North Sea. With 80 turbines, it will have a total generating capacity of 288 MW. This ambitious project will cost a total of […]

  • 29 June 2012
    Business & Finance

    The European Investment Bank (EIB) will grant EUR 333 million to finance the Northwind offshore wind power plant. The financial close, which was announced yesterday, will cover the construction and operation of a 216 MW offshore wind farm to be built on a sandbank located 37 km from the port of Ostend on the Belgian coast. This new […]

  • 11 January 2019
    Business & Finance

    The European Investment Bank (EIB) has launched a new public consultation on energy financing to better reflect energy industry trends and to enhance its support for the European Union’s 2030 energy and climate targets. Over the next three months, EIB will engage with stakeholders, including shareholders, industry associations, civil society and the private sector to develop […]

  • 15 December 2016
    Wind Farm Update

    The European Investment Bank (EIB) will support the construction of the Norther wind farm off the Belgian coast with a loan of EUR 438 million, with half of the amount to be guaranteed under the European Fund for Strategic Investments (EFSI).  The total cost of the project is estimated to be EUR 1.1 billion, of which […]

  • 1 October 2012

    The European Investment Bank (EIB) has announced that it is planning to finance Typhoon Offshore’s Gemini offshore wind project (600 MW) with EUR 500 million. Typhoon Offshore has welcomed this announcement by saying that this is an important step towards realization of the two farms, each having 300 MW capacity. Typhoon Offshore’s Managing Director Michael […]

  • 26 November 2018
    Business & Finance

    The European Investment Bank (EIB) has held its first offshore wind investment conference in India.

  • 14 August 2018
    Business & Finance, Grid Connection

    The European Investment Bank (EIB) has purchased EUR 100 million of TenneT’s hybrid bond to support the construction of the NordLink interconnector between Germany and Norway.

  • 19 February 2013
    Business & Finance

    The West of Duddon Sands offshore wind project could get a EUR 850 million loan from the European Investment Bank (EIB). Each of the developers, Dong Energy and Iberdrola, would be entitled to up to 50% of the proposed EIB finance. The EIB published this on its website, noting that the loan is currently under […]

  • 26 September 2016
    Authorities, Business & Finance, Wind Farm Update

    The European Investment Bank (EIB) is reviewing a request to provide financing for the 600MW Kriegers Flak offshore wind farm project in the Baltic Sea. The Danish Energy Agency (DEA) is seeking an undisclosed amount from EIB for the wind farm which is expected to be commissioned in 2022. EIB says that the project will further […]

  • 16 February 2015
    Grid Connection, Wind Farm Update

    The European Investment Bank has agreed to provide GBP 51 million backing for the GBP 352 transmission link to the second largest wind farm in the world. The Gwynt y Môr offshore wind farm, located in Liverpool Bay, eight miles off the north Wales coast, will produce enough electricity to cater for the energy needs […]

  • 8 July 2011
    Business & Finance, Operations & Maintenance, Wind Farm Update

      The bulk of financing for one of the most costly ever wind farms in the German North Sea has now been secured. A consortium of commercial banks and the European Investment Bank (EIB) signed the finance contract for the Global Tech I project in Hamburg . The external borrowing requirement is around EUR 1 […]

  • 6 February 2020
    Business & Finance, Wind Farm Update

    Ørsted has applied for a loan with the European Investment Bank (EIB) for the 752MW Borssele 1 + 2 offshore wind farm in the Netherlands. The project will finance the construction and the operation of the wind farm. The proposed EIB financing is about EUR 500 million, and the estimated value of the project is […]

  • 8 September 2016
    Business & Finance, Grid Connection

    The European Investment Bank (EIB) is providing GBP 82 million for the purchase, operation and maintenance of the Humber Gateway offshore transmission system. The 19-year long term EIB loan will be provided to Humber Gateway OFTO Ltd, the consortium behind the transmission link project that comprises Balfour Beatty and Equitix. The Humber Gateway transmission link connects […]

  • 11 April 2019
    Business & Finance, Wind Farm Update

    Quadran Energies Marines has applied for funding with the European Investment Bank (EIB) for the EolMed floating offshore wind project in France. Quadran is seeking approximately EUR 50 million in the application that has been under appraisal since 21 March, EIB said. According to the bank, the project’s environmental impact assessments (EIAs) and permitting will be […]

  • 4 July 2017
    Business & Finance, Grid Connection

    The European Investment Bank (EIB) and Elia, the operator of the Belgian high-voltage grid, have concluded a EUR 100 million loan agreement which will be used primarily for financing the Stevin project.

  • 24 December 2019
    Business & Finance, Grid Connection

    The European Investment Bank (EIB) has approved funding for the Tennet South-West 380KV West grid project in the Netherlands. EIB will provide around EUR 250 million in funding for the project valued at around EUR 509 million. The TenneT South-West 380KV West comprises the construction of the electricity transmission corridor connecting Borsselle to Rilland, in […]

  • 5 June 2017
    Business & Finance, Grid Connection

    The European Investment Bank (EIB) has signed a EUR 300 million loan agreement with Norwegian transmission system operator (TSO) Statnett for the completion of the NordLink interconnector between Germany and Norway.

  • 24 January 2017
    Authorities, Business & Finance, Grid Connection

    The European Investment Bank (EIB) invested almost GBP 1.2 billion in renewable energy projects in the UK throughout 2016. New EIB support for renewable energy related investment it the UK last year included GBP 500 million for a GBP 1.2 billion Caithness Moray transmission network project to reinforce electricity transmission in northern Scotland and improve connections between […]

  • 12 April 2019
    Business & Finance, Wind Farm Update

    The European Investment Bank (EIB) has approved the financing for the Saint-Nazaire and Fécamp offshore wind projects in France. EIB did not disclose the amount of the approved financing. The two projects are being developed by Eolien Maritime France (EMF), a joint venture of EDF EN and Enbridge. The 498MW Fécamp offshore wind farm will comprise […]