Search results for: European Investment Bank

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  • 31 January 2011

    The European Investment Bank has formally agreed to provide a EUR 450 million loan to TenneT Holding B.V. to finance construction and… (finchannel) [mappress] Source: finchannel, January 31, 2011

  • 10 November 2014
    Grid Connection

    The European Investment Bank (EIB) has agreed to provide GBP 1.5 billion (EUR 1.92 billion) for investment by National Grid plc across its national electricity transmission network. This new support for connecting new power generation, upgrade ageing assets and improve network resilience to climate and security risks represents the largest ever single loan made by […]

  • 23 November 2011

    The European Investment Bank has agreed to provide GBP150m of long-term funding to Vattenfall for the Thanet Offshore Wind Farm. With 100 wind turbines, each 115m tall, and a generating capacity of 300MW this is the largest offshore wind farm operating anywhere in the world. The wind farm, inaugurated in September 2010, is an important […]

  • 25 October 2011
    Grid Connection

    £52m of funding for the transmission link to the Walney 1 offshore wind farm will be provided by the European Investment Bank, the European Union’s long-term lending institution. Blue Transmission Walney 1 Limited has been granted a licence to own and operate the offshore transmission link by Ofgem E-Serve, the UK energy regulator’s business unit […]

  • 9 March 2011

    The European Investment Bank (EIB) is providing a EUR 80 million loan to finance the construction and operation of Germany’s first … (iewy) [mappress]   Source: iewy , March 09, 2011;  

  • 21 December 2010
    Training & Education

    Melchior Karigl, Financial Director at the European Investment Bank and Michael van der Heijden, Managing Director at Typhoon Offshore have confirmed their presence at the conference Offshore Wind Installation and Maintenance 2011. The second edition of the conference will open with a session on the financing of wind parks. Within the European Investment Bank, speaker […]

  • 24 July 2013
    Business & Finance

    The European Investment Bank has adopted new guidelines to reinforce support for investment in renewable energy, energy efficiency and energy grids. Over the last 10 months the EU Bank has undertaken a comprehensive review to ensure that its energy lending criteria reflect EU energy and climate policy, as well as current investment trends. The new […]

  • 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 […]

  • 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 […]

  • 9 June 2010
    Wind Farm Update

    DONG Energy has today signed a GBP 250 million Loan Facility with the European Investment Bank (EIB), guaranteed by the Danish Export Credit Agency (Eksport Kredit Fonden, EKF) on the basis of deliveries from Siemens Wind Power and Per Aarsleff. The loan is part of the financing for the construction of the London Array offshore […]

  • 24 May 2016
    Authorities, Business & Finance, Wind Farm Update

    The European Investment Bank (EIB) has agreed to provide GBP 525 million for construction of the 588MW Beatrice wind farm off Scotland, representing the single largest support ever for investment in an offshore wind project by the bank.  The 19-year, long-term loan will support more than GBP 2.7 billion of overall investment. Part of the […]

  • 30 March 2016
    Business & Finance, Grid Connection

    The European Investment Bank (EIB) has agreed to provide GBP 500 million loan for a GBP 1.2 billion Caithness Moray transmission network project aimed at improving connections between offshore renewable energy schemes in the north of Scotland and the national power network. The new investment includes a new 1,200 megawatt subsea cable between Spittal in Caithness and Blackhillock […]

  • 23 December 2010
    Business & Finance

    Financing for the first phase of what will be the North Sea’s largest offshore wind farm has closed, with most of the funding commitment coming from the European Investment Bank. Eleven banks agreed to grant the request for 700 million euros ($918.82 million) for the first phase of the project. More than 85 percent of […]

  • 26 February 2010

    The Community of European Shipyards’ Association (CESA) and the European Wind Energy Association (EWEA) are calling on the European Commission and the European Investment Bank (EIB) to support the building of new ships to serve the expanding offshore wind energy market over the coming years. CESA and EWEA urge the European Commission to develop programmes […]

  • 21 May 2015
    Authorities, Business & Finance

    New investment in energy efficiency, renewable energy, and strategic energy infrastructure, was among the more than EUR 8 billion of financing approved by the European Investment Bank board meeting on May 19. The EIB Group’s Board of Directors approved loans for a total of 21 projects, including four projects earmarked, subject to agreement by the […]

  • 26 November 2014
    Authorities, Business & Finance

    The European Commission today announced a € 315 billion Investment Plan to get Europe growing again and get more people back to work. The EC will create new European Fund for Strategic Investments (EFSI) to mobilise these funds over the course of three years. The Fund will be set up in partnership with the European […]

  • 26 November 2018
    Business & Finance

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

  • 3 October 2016
    Business & Finance, Wind Farm Update

    The shareholders and financial partners involved in the 309MW Rentel wind farm project have signed a financing agreement in Brussels which marks the official financial close for the 42-turbine project. The Rentel offshore wind farm is being developed in the Belgian part of the North Sea by Rentel NV, a consortium of eight Belgian shareholders, including Otary Offshore Energy, […]

  • 13 September 2011
    Business & Finance

    The European Investment Bank is considering a loan of as much as 450 million euros ($612 million) for a German offshore wind farm developed…   By Sally Bakewell (bloomberg) [mappress] Source: bloomberg, September 13, 2011

  • 5 November 2014
    Business & Finance, Grid Connection

    The European Investment Bank (EIB) has agreed to provide GBP 168 million for a new connection between the Lincs offshore wind farm and the UK national transmission network. The approximately 100km connection, between high voltage transmission connections on the mainland and the 270MW Lincolnshire wind farm, has been tendered under a dedicated regulatory regime for […]

  • 4 July 2010
    Business & Finance

    DONG Energy A/S has today signed a GBP 250 million loan facility with European Investment Bank intermediated by a leading international bank. The loan is related to the construction of the London Array offshore wind farm and can be drawn throughout the construction period. The financing is in line with DONG Energy’s strategy to diversify […]

  • 20 October 2014
    Business & Finance, Grid Connection

    The European Investment Bank (EIB) and TenneT have signed the latest contract for a EUR 150 million loan, part of a total EUR 450 million financing to TenneT Holding B.V. agreed in 2011. The financing is provided by the EIB to support construction and operation of ‘Randstad 380 kV’; a 83 km 380kV transmission connection […]

  • 14 November 2011

    Egyptian energy minister Hassan Yunis has said the government is to launch a tender offer for the installation of wind farms on the Gulf of Suez with a capacity of 200 megawatts, AFP has reported. The wind power plant, scheduled to start work in April 2014, is estimated to cost $500m, with contributions from the […]

  • 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 […]

  • 3 December 2018
    Business & Finance, Wind Farm Update

    The 487MW SeaMade offshore wind farm in the Belgian North Sea has reached financial close.

  • 7 April 2014
    Authorities, Business & Finance, R&D

    The European Investment Bank (EIB) has announced the launch of a programme, through which it will provide EUR 750 million for the implementation of renewable energy projects to take place between 2014 and 2016 on the entire French territory. Selected sites will develop wind, solar, hydro and geothermal energy. The beneficiaries of this funding can […]