European Investment Bank (EIB)
In 2020-2021, in response to the COVID 19 pandemic, European Investment Bank (EIB) have committed at least USD 7.89 billion to supporting energy projects through new loans, grants, and guarantees according to their own reporting and other publicly available information. This public finance includes:
- At least USD 651.30 million for fossil fuels without conditions
- At least USD 2.56 billion for unconditional clean energy
- At least USD 3.55 billion for conditional clean energy
- At least USD 1.13 billion for other energy
By energy type, European Investment Bank (EIB) committed at least USD 578.20 million to oil and gas (at least USD 578.20 million to unconditional oil and gas).
Finally, no public finance identified for multiple fossil fuels.
A considerably larger amount of new public finance from European Investment Bank (EIB) that is not at the project level may also benefit different elements of the energy sector, however this finance is not reported on in a way that can be disaggregated and therefore is not included in the database. This finance is largely made up of (a) investments in financial intermediaries (like commercial banks, private equity firms, or other development funds), (b) budgetary or policy support loans that are cross-cutting across many areas of government, (c) technical assistance, and (d) funding for associated infrastructure like ports or roads that will be primarily used for the transport of energy-related goods.
Many of these public finance commitments are part of programs that existed prior to the COVID-19 pandemic, however they only represent projects that were approved post-pandemic. Recovery spending via European Investment Bank (EIB) is cross cutting and it is quite subjective to disaggregate what projects are or are not recovery related.
Updated: December 31st 2021
At least
$651.30 million
Supporting fossil fuel energy
At least
$6.11 billion
Supporting clean energy
European Investment Bank (EIB)
In 2020-2021, in response to the COVID 19 pandemic, European Investment Bank (EIB) have committed at least USD 7.89 billion to supporting energy projects through new loans, grants, and guarantees according to their own reporting and other publicly available information. This public finance includes:
- At least USD 651.30 million for fossil fuels without conditions
- At least USD 2.56 billion for unconditional clean energy
- At least USD 3.55 billion for conditional clean energy
- At least USD 1.13 billion for other energy
By energy type, European Investment Bank (EIB) committed at least USD 578.20 million to oil and gas (at least USD 578.20 million to unconditional oil and gas).
Finally, no public finance identified for multiple fossil fuels.
A considerably larger amount of new public finance from European Investment Bank (EIB) that is not at the project level may also benefit different elements of the energy sector, however this finance is not reported on in a way that can be disaggregated and therefore is not included in the database. This finance is largely made up of (a) investments in financial intermediaries (like commercial banks, private equity firms, or other development funds), (b) budgetary or policy support loans that are cross-cutting across many areas of government, (c) technical assistance, and (d) funding for associated infrastructure like ports or roads that will be primarily used for the transport of energy-related goods.
Many of these public finance commitments are part of programs that existed prior to the COVID-19 pandemic, however they only represent projects that were approved post-pandemic. Recovery spending via European Investment Bank (EIB) is cross cutting and it is quite subjective to disaggregate what projects are or are not recovery related.
Public money commitments to fossil fuels, clean and other energy in European Investment Bank (EIB) recovery packages, USD billion, in 2020-2021
| MDB | Recipient Country | Category | Policy name | Sector | Energy Type | Mechanism | Value committed, USD | Date of announcement | Policy type | Sub-Institution or Programme | Receiving entity | Stage | Arm of Government | Primary and secondary stated objective of the policy | Policy background | Links to official sources | Links to additional sources | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| European Investment Bank (EIB) | Multiple | Fossil unconditional | Bundled – EIB “Fossil Unconditional” Investments under $100 million since Jan 1 20... | Multiple sectors | Multiple energy types | Loan (Hybrid),loan guarantee (... | 73107000 | 08/05/2020 | Fiscal | Multiple | Multiple | Several energy stages | Public finance institution | This line item reflects EIB investments made in "fossil unconditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020. | Project-level data can be accessed here: http://priceofoil.org/shift-the-subsidies/ |
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| European Investment Bank (EIB) | Multiple | Fossil conditional | Bundled – EIB “Fossil Conditional” Investments under $100 million since Jan 1 2020 | Multiple sectors | Multiple energy types | Loan (Hybrid),loan guarantee (... | 0 | 08/05/2020 | Fiscal | Multiple | Multiple | Several energy stages | Public finance institution | This line item reflects EIB investments made in "fossil conditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020. | Project-level data can be accessed here: http://priceofoil.org/shift-the-subsidies/ |
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| European Investment Bank (EIB) | Multiple | Other energy | Bundled – EIB “Other Energy” Investments under $100 million since Jan 1 2020 | Multiple sectors | Multiple energy types | Loan (Hybrid),loan guarantee (... | 384317600.00 | 08/05/2020 | Fiscal | Multiple | Multiple | Several energy stages | Public finance institution | This line item reflects EIB investments made in "other energy" projects (as per Energy Policy Tracker methodology) since January 1, 2020. | Project-level data can be accessed here: http://priceofoil.org/shift-the-subsidies/ |
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| European Investment Bank (EIB) | Multiple | Clean conditional | Bundled – EIB “Clean Conditional” Investments under $100 million since Jan 1 2020 | Multiple sectors | Multiple energy types | Loan (Hybrid),loan guarantee (... | 324807560 | 08/05/2020 | Fiscal | Multiple | Multiple | Several energy stages | Public finance institution | This line item reflects EIB investments made in "clean conditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020. | Project-level data can be accessed here: http://priceofoil.org/shift-the-subsidies/ |
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| European Investment Bank (EIB) | Multiple | Clean unconditional | Bundled – EIB “Clean Unconditional” Investments under $100 million since Jan 1 202... | Multiple sectors | Multiple energy types | Loan (Hybrid),loan guarantee (... | 811883760 | 08/05/2020 | Fiscal | Multiple | Multiple | Several energy stages | Public finance institution | This line item reflects EIB investments made in "clean unconditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020. | Project-level data can be accessed here: http://priceofoil.org/shift-the-subsidies/ |
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| European Investment Bank (EIB) | Nepal | Other energy | NEPAL DISTRIBUTION SYSTEM UPGRADE AND EXPANSION | Power generation | Multiple energy types | Loan (Hybrid),loan guarantee (... | 109138000 | 12/02/2020 | Fiscal | NEPAL ELECTRICITY AUTHORITY | Electricity storage or transmission or distribution | Public finance institution | "EIB Project 20190523: EIB financing - EUR 100.0 m. The project will increase access to electricity supply in selected areas of Western Nepal by 2024, while also improving quality and efficiency of the service. It would also contribute to national development objectives as defined in the 2013 National Energy Strategy of Nepal. It is expected that rural electrification will promote inclusive economic growth, job creation, a more dynamic private sector and poverty reduction as well as environmental sustainability." | https://www.eib.org/en/projects/loans/all/20190523 Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Finland | Other energy | ELENIA DISTRIBUTION NETWORK INVESTMENTS II | Power generation | Multiple energy types | Loan (Hybrid),loan guarantee (... | 109995000 | 01/04/2020 | Fiscal | ELENIA OY | Electricity storage or transmission or distribution | Public finance institution | "EIB Project 20190262: EIB financing - EUR 100.0 m. The project will finance Elenia's on-going investments for the extension and refurbishment of the electricity networks in the southern and central part of Finland in the period 2020-2021. The program focuses on the replacement of medium voltage (MV) and low voltage (LV) overhead lines with underground cables motivated by climate adaptation reasons. It also includes investments in high voltage assets and new connections. The company’s long-term investment plan emphasises the importance of building underground electricity network and replacing old overhead lines that are at the end of their useful life to secure uninterrupted availability of electricity. NOTE: IJ Global cites EIB financing of $108.6 m. and gives a financial close date of April 7, 2020." | " https://www.eib.org/en/projects/loans/all/20190262 https://www.eib.org/en/press/all/2020-093-eib-extends-further-support-to-elenia-electricity-network" Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Greece | Other energy | PPC DISTRIBUTION VII | Power generation | Multiple energy types | Loan (Hybrid),loan guarantee (... | 111468000 | 17/01/2020 | Fiscal | HELLENIC ELECTRICITY DISTRIBUTION NETWORK OPERATOR SA | Electricity storage or transmission or distribution | Public finance institution | "EIB Project 20160995: EIB financing - EUR 100.0 m. The project consists of a multi-component investment program covering the 2017-2020 period aimed at renovating and reinforcing the electricity distribution network in Greece. The program consists of a large number of medium and low voltage electricity distribution schemes geographically dispersed throughout peninsular and insular Greece. More than 7,000 km of new medium and low voltage electricity distribution lines will be installed that will improve distribution efficiency and increase network resilience and stability. The purpose of the program is to improve network safety and reliability as well as to connect new system users. NOTE: It's possible the project should be listed as ""true"" for ""access"" but insufficient information was provided to make this determination." | " https://www.eib.org/en/projects/loans/all/20160995 https://www.eib.org/en/press/all/2020-056-the-eib-supports-the-reinforcement-and-the-modernization-of-the-greek-distribution-network-with-eur-255-m https://www.eib.org/en/press/all/2019-012-eur-255m-eib-support-to-the-upgrade-of-greek-national-electricity-network" Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Hungary | Other energy | MVM DISTRIBUTION NETWORK UPGRADE | Power generation | Multiple energy types | Loan (Hybrid),loan guarantee (... | 139803000 | 29/09/2020 | Fiscal | MVM Hungarian Electricity Ltd. (MVM) | Electricity storage or transmission or distribution | Public finance institution | "EIB Project 20190761: EIB financing - EUR 120.0 m. The project consists of an investment program including schemes for the reinforcement and modernization of the electricity distribution network in South-East Hungary. The program encompasses several high, medium and low voltage electricity distribution schemes, including the deployment of smart meters and components for network automation. The investment will enable MVM to test advanced metering schemes, maintain the quality of service, meet growing demands for electricity in the region, improve the reliability of its supply network and integrate new renewable energy generators for some 785 000 customers in Bacs-Kiskun, Bekes, Csongrad-Csanad and Pest counties. This will enable the promoter to maintain high quality of services and low losses across its electricity distribution network." | " https://www.eib.org/en/projects/loans/all/20190761 https://www.eib.org/en/press/all/2019-264-eib-invests-eur120-million-in-modernisation-and-expansion-of-energy-supply-network-in-south-eastern-hungary" Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Netherlands | Other energy | TENNET SOUTH-WEST 380KV WEST | Power generation | Multiple energy types | Loan (Hybrid),loan guarantee (... | 279345000 | 06/03/2020 | Fiscal | TenneT Holding B.V. | Electricity storage or transmission or distribution | Public finance institution | "EIB Project 20190112: EIB financing - EUR 250.0 m. The project comprises the construction of the electricity transmission corridor connecting Borsselle to Rilland, in the south of Netherlands. It includes a new 380kV line from Borssele to Rilland substations, a new 380kV substation at Rilland, extension works at Borssele substation, as well as the works on the 150kV part of the same circuit. It will enable the transmission of rapidly growing amounts of offshore wind energy to users in the Netherlands and beyond. In its entirety, the Zuidwest 380 kV project also supports increased connectivity of European electricity markets. NOTE: As of October 13, 2020, IJ Global indicates that this project has not yet reached financial close." | " https://www.eib.org/en/projects/loans/all/20190112 https://www.eib.org/en/press/all/2020-081-tennet-partners-with-eib-to-power-new-transmission-connection-for-offshore-wind-energy https://ijglobal.com/data/transaction/50271/zuidwest-transmission-line-43km" Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Greece | Fossil unconditional | MYTILINEOS SA – AGIOS NIKOLAOS POWER PLANT | Power generation | Gas and gas products | Loan (Hybrid),loan guarantee (... | 142996000 | 21/07/2020 | Fiscal | MYTILINEOS SA | Electricity generation | Public finance institution | "EIB Project 20190291: EIB financing - EUR 125.0 m. The project concerns the construction of an 826 MW natural gas fired combined cycle gas-turbine (CCGT) at Agios Nikolaos, Viotias, Greece. The new plant will be the most efficient gas power plant in Greece and use state of the art CCGT technology. The EIB loan is guaranteed by the European Union under the Investment Plan for Europe." | " https://www.eib.org/en/projects/loans/all/20190291 https://www.eib.org/en/press/all/2020-200-eib-backs-826-mw-mytilineos-power-plant-to-support-greek-energy-transition" Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Italy | Fossil unconditional | MARGHERA LEVANTE CCGT REDEVELOPMENT | Power generation | Gas and gas products | Loan (Hybrid),loan guarantee (... | 168731000 | 15/06/2020 | Fiscal | EDISON SPA | Electricity generation | Public finance institution | "EIB Project 20190451: EIB financing - EUR 150.0 m. The project will finance the construction of a new state of the art combined cycle power plant (CCGT) power plant in the existing Marghera Levante Power facility. The loan is to construct a new state-of-the-art combined-cycle gas turbine plant to replace the old thermoelectric power plant, which is being decommissioned. The Marghera Levante facility will have a total capacity of 780 MW, an energy efficiency rate of 63%, specific carbon dioxide (CO2) emissions 40% below the national thermoelectric power portfolio average, and over 70% less nitrogen oxide (NOx) emissions." | " https://www.eib.org/en/projects/loans/all/20190451 https://www.eib.org/en/press/all/2020-175-italy-eib-supports-edison-s-investments-in-sustainability" Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Netherlands | Fossil unconditional | GASUNIE NITROGEN PLANT | Other sector | Gas and gas products | Loan (Hybrid),loan guarantee (... | 266469000 | 03/03/2020 | Fiscal | GASUNIE TRANSPORT SERVICES BV, NEDERLANDSE GASUNIE NV | Several energy stages | Public finance institution | "EIB Project 20180862: EIB financing - EUR 240.0 m. The project entails the construction of a nitrogen plant in Zuidbroek in the Netherlands, to regulate the calorific value of the natural gas supplied by the promoter's network. This plant will produce nitrogen, which will be compressed then blended with imported High Calorific Value gas (H-gas) and then injected as Low Calorific Value gas (L-gas) into the Dutch gas network, thus replicating the gas technical specifications used in the Netherlands and surrounding regions/countries and allowing for the reduction of supplies from the Groningen field. The main project components consists of air separation units to extract the nitrogen, compressing and cooling units, as well as of mixing stations. NOTE: This project may be borderline energy since it is a nitrogen plant but being built to facilitate the use of natural gas." | " https://www.eib.org/en/projects/loans/all/20180862 https://www.eib.org/en/press/all/2020-083-eib-supports-energy-security-in-the-netherlands" Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Spain | Clean unconditional | IBERDROLA SPAIN GREEN ENERGY FRAMEWORK LOAN | Power generation | Multiple renewable | Loan (Hybrid),loan guarantee (... | 674600000 | 06/07/2020 | Fiscal | IBERDROLA SA | Electricity generation | Public finance institution | "EIB Project 20190811: EIB financing - EUR 600.0 m. The project consists of a framework loan to finance several renewable energy generation plants (solar photovoltaic and onshore wind) across Spain, including several convergence regions. The funding will go to building 20 solar PV and wind farm projects with total capacity exceeding 2 000 MW in rural transition regions. NOTE: IJ Global cites EIB financing of $676.61 m. and gives a financial close date of July 8, 2020." | " https://www.eib.org/en/projects/loans/all/20190811 https://www.eib.org/en/press/all/2020-188-iberdrola-receives-eur800-million-in-financing-from-eib-and-ico-to-boost-the-green-recovery-in-spain https://ijglobal.com/data/transaction/52153/iberdrola-additional-facility-2020" Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Spain | Clean unconditional | MONEGROS WIND | Power generation | Wind | Loan (Hybrid),loan guarantee (... | 101459000 | 16/06/2020 | Fiscal | COPENHAGEN INFRASTRUCTURE PARTNERS P/S | Electricity generation | Public finance institution | "EIB Project 20200120: EIB financing - EUR 90.0 m. The project will finance the implementation of a portfolio of onshore wind farms located in the Spanish region of Aragon, for a total capacity of 487MW." | https://www.eib.org/en/projects/loans/all/20200120 Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Austria | Clean unconditional | PANNONIA ONSHORE WIND | Power generation | Wind | Loan (Hybrid),loan guarantee (... | 120679000 | 16/06/2020 | Fiscal | PK WINDPARK MANAGEMENT GMBH | Electricity generation | Public finance institution | "EIB Project 20200120: EIB financing - EUR 90.0 m. The project will finance the implementation of a portfolio of onshore wind farms located in the Spanish region of Aragon, for a total capacity of 487MW." | https://www.eib.org/en/projects/loans/all/20200120 Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | France | Clean unconditional | FRENCH OFFSHORE ROUND 1 – SAINT NAZAIRE & FECAMP | Power generation | Wind | Loan (Hybrid),loan guarantee (... | 496711000 | 29/05/2020 | Fiscal | EDF RENOUVELABLES SA, ENBRIDGE INC | Electricity generation | Public finance institution | "EIB Project 20150929: EIB financing - EUR 450.0 m. The funding is to design, build, maintain and operate two offshore windfarms: Saint-Nazaire and Fécamp - 480MW and 498MW, 12km off the French coast in both cases. NOTE: An EIB news release mentions only the Fecamp wind plant which it describes as being 497 MW. NOTE #2: IJ Global mentions only the Fecamp wind farm and cites EIB financing of $504.16 m.; IJ Global gives a financial close date of June 3, 2020." | " https://www.eib.org/en/projects/loans/all/20150929 https://www.eib.org/en/press/all/2020-138-plan-d-investissement-la-bei-cofinance-la-construction-du-parc-eolien-en-mer-de-fecamp-a-hauteur-de-450-millions-d-euros https://ijglobal.com/data/transaction/45456/fecamp-offshore-wind-farm-497mw" Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | France | Clean conditional | BPCE ACTION POUR LE CLIMAT | Power generation | Multiple renewable | Loan (Hybrid),loan guarantee (... | 144831000 | 24/07/2020 | Fiscal | BPCE | Several energy stages | Public finance institution | "EIB Project 20190236: EIB financing - EUR 125.0 m. The project consists of an intermediated lending in support of small to mid-sized renewable energy projects in France (onshore wind, photovoltaic, geothermal, hydro, biomass and waste treatment/biogas). This operation is intended to generate environmental benefits by supporting projects that help mitigate climate change. NOTE: The funding is being interpreted to be a loan but it could be an equity investment." | https://www.eib.org/en/projects/loans/all/20190236 Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Italy | Clean conditional | FCA ELECTRIC VEHICLES MANUFACTURING ITALY | Mobility | Multiple energy types | Loan (Hybrid),loan guarantee (... | 331978000 | 18/03/2020 | Fiscal | FIAT CHRYSLER AUTOMOBILES NV | Energy use (all energy types, consumption in transport, household use, buildings etc) | Public finance institution | "EIB Project 20190269: EIB financing - EUR 300.0 m. The project will finance the setup of production lines for the manufacturing of plug-in hybrid electric vehicles (PHEVs) at FCA's production plant in Melfi (Italy). It also includes the manufacturing of battery electric vehicles (BEV) at the promoter's plant in Mirafiori (Italy). The investments will be carried out in the period 2019-2021." | https://www.eib.org/en/projects/loans/all/20190269 Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Italy | Clean conditional | FCA PLUG-IN HYBRID ELECTRIC VEHICLES – COVID-19 | Mobility | Multiple energy types | Loan (Hybrid),loan guarantee (... | 573483000 | 08/09/2020 | Fiscal | FIAT CHRYSLER AUTOMOBILES NV | Energy use (all energy types, consumption in transport, household use, buildings etc) | Public finance institution | "EIB Project 20200358: EIB financing - EUR 485.0 m. The project concerns the Promoter's (i) investments to set up an innovative production line for the manufacturing of plug-in hybrid electric vehicles (PHEVs), at the Promoter's production plant in Pomigliano (Italy), including the buildup of permanent inventory; and (ii) investments in research and development (R&D) activities in the field of vehicle automation, safety and connectivity, at the Promoter's R&D centres, mainly in Torino (Italy). The investments will be carried out in the period 2020-2023." | " https://www.eib.org/en/projects/loans/all/20200358 https://www.eib.org/en/press/all/2020-243-eib-provides-support-to-fca-for-rd-and-plug-in-hybrid-electric-vehicles-and-battery-electric-vehicles" Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Italy | Clean conditional | TRENTO INFRA RENEWABLE ENERGY & OTHER PRIOR II | Multiple sectors | Multiple renewable | Loan (Hybrid),loan guarantee (... | 183035000 | 21/07/2020 | Fiscal | PROVINCIA AUTONOMA DI TRENTO | Energy use (all energy types, consumption in transport, household use, buildings etc) | Public finance institution | "EIB Project 20170379: EIB financing - EUR 160.0 m. Framework loan for public sector entities to finance the construction of public infrastructure, including green/climate-change investments, in the territory of the Autonomous Province of Trento. The schemes will include energy efficiency and adaptation to weather events across the province and improvement of the public services provision. Projects in the public infrastructure, energy efficiency and renewable energy sources, sustainable transport, urban development and renewal sectors together with investments in tackling and mitigating climate change will be eligible for financing. NOTE: EIB defines the funding as being in the ""urban development"" and ""industry"" sectors so some of the funding ma be directed towards non-energy sector projects." | " https://www.eib.org/en/projects/loans/all/20170379 https://www.eib.org/en/press/all/2020-198-italy-eib-provides-eur300-million-to-autonomous-province-of-trento-for-sustainable-projects-and-post-covid-19-reconstruction" Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Sweden | Clean conditional | BARKARBY AND HAGASTADEN URBAN DEVELOPMENT | Buildings | Multiple energy types | Loan (Hybrid),loan guarantee (... | 107477000 | 17/06/2020 | Fiscal | ATRIUM LJUNGBERG AB | Energy use (all energy types, consumption in transport, household use, buildings etc) | Public finance institution | "EIB Project 20190458: EIB financing - EUR 95,126,661. The funding supports the construction of two nearly zero-energy buildings (NZEB) in the context of urban regeneration projects in the Stockholm region - the Bas Barkarby project in Järfälla and the Life City project in Stockholm. It presents an opportunity to support the accelerated adoption of energy efficient new constructions, above legal requirements in Sweden. NOTE: This project may be more of a construction and/or urban development project than an energy project." | https://www.eib.org/en/projects/loans/all/20190458 https://www.eib.org/en/press/all/2020-152-atrium-ljungberg-signs-a-green-energy-loan-agreement-worth-sek-1-billion-with-the-eib Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Portugal | Clean conditional | UCI GREEN ENERGY MORTGAGES MBIL SFSB | Buildings | Multiple energy types | Loan (Hybrid),loan guarantee (... | 108131000 | 12/05/2020 | Fiscal | UNION DE CREDITOS INMOBILIARIOS SA ESTABLECIMIENTO FINANCIERO DE CREDITO | Energy use (all energy types, consumption in transport, household use, buildings etc) | Public finance institution | "EIB Project 20190605: EIB financing - EUR 99.9 m. The debt financing, made available to private owners domiciled in Spain or Portugal, will be used, among others, to finance the energy efficiency renovation of existing residential properties and the construction of new Nearly Zero-Energy Buildings, as well as small/medium scale energy efficiency projects carried out in existing residential properties. The project will contribute to energy savings of around 44 GWh per year. NOTE: EIB classifies this project as ""urban development"" rather than ""energy.""" | " https://www.eib.org/en/projects/loans/all/20190605 https://www.eib.org/en/press/all/2020-128-eib-and-union-de-creditos-inmobiliarios-join-forces-to-boost-energy-efficiency-projects-in-spain-and-portugal" Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Lithuania | Clean conditional | SMART METERING DEPLOYMENT | Buildings | Multiple energy types | Loan (Hybrid),loan guarantee (... | 129076000 | 23/09/2020 | Fiscal | Ignitis Group | Energy efficiency | Public finance institution | "EIB Project 20180709: EIB financing - EUR 110.0 m. The loan is for the implementation of smart metering systems across the country. The financing will be used to install smart meters and implement IT solutions for data collection and management with the energy distribution operator, Energijos skirstymo operatorius (ESO). ESO plans to replace 1.2 million units of smart meters in Lithuania by the end of 2023, starting with domestic users, which use the biggest share of energy. The deployment of smart meters is expected to lead to energy savings for consumers and increased energy market efficiency. Installation is slated for completion by the end of 2023. NOTE: As of October 13, 2020, no information is provided on EIB's project page and IJ Global (from which the project description is derived) indicates the project had not yet reached financial close." | " https://www.eib.org/en/projects/loans/all/20180709 https://ijglobal.com/data/transaction/52791/ignitis-lithuanian-smart-metering-system" Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Ireland | Clean conditional | IRISH SMART METER IMPLEMENTATION PROGRAM | Buildings | Multiple energy types | Loan (Hybrid),loan guarantee (... | 178706000 | 19/08/2020 | Fiscal | ELECTRICITY SUPPLY BOARD | Energy efficiency | Public finance institution | "EIB Project 20180150: EIB financing - EUR 150.0 m. The project will finance a national program for the roll-out of electricity smart metering infrastructure in the Republic of Ireland during 2019-2024. The project aims at modernising the electricity meters across the country, by providing ca. 2.25 million smart meters, communication infrastructure, as well as the necessary IT systems to every home, farm and business. Ultimately, these capabilities will increase consumer awareness of cost of energy supply thus spur energy efficiency, more efficient management of the power system, and more efficient metering and customer management operations. NOTE: IJ Global cites EIB financing of $178.11 m. and gives a financial close date of August 28, 2020." | " https://www.eib.org/en/projects/loans/all/20180150 https://www.eib.org/en/projects/pipelines/all/20180150 https://www.eib.org/en/press/all/2020-228-eur-150-million-eib-backing-for-irish-smart-meter-rollout https://ijglobal.com/data/transaction/52488/esb-smart-metres-rollout" Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Sweden | Clean conditional | HIGH ENERGY PERFORMING PUBLIC BUILDINGS | Buildings | Multiple energy types | Loan (Hybrid),loan guarantee (... | 214955000 | 17/06/2020 | Fiscal | VASAKRONAN AB (PUBL) | Energy use (all energy types, consumption in transport, household use, buildings etc) | Public finance institution | "EIB Project 20190439: EIB financing - EUR 190,253,322. The project will support the promotion of new nearly zero-energy buildings (NZEB), as per the requirements of the EU Energy performance of buildings directive" | https://www.eib.org/en/projects/loans/all/20190439 Accesed 15 Jan 2021 |
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| European Investment Bank (EIB) | Sweden | Clean conditional | VASAKRONAN NEARLY ZERO ENERGY BUILDINGS | Buildings | Multiple energy types | Loan (Hybrid),loan guarantee (... | 226996000 | 12/06/2020 | Fiscal | VASAKRONAN AB (PUBL) | Energy use (all energy types, consumption in transport, household use, buildings etc) | Public finance institution | "EIB Project 20160842: EIB financing - EUR 200.0 m. The proposed project consists of the development of two new office buildings in Stockholm and Gothenburg supporting the Swedish strategy for the development of near-zero-energy buildings (NZEB). NOTE: The roject might better be classified as a construction project rather than as an energy project." | " https://www.eib.org/en/projects/loans/all/20160842 https://www.eib.org/en/press/all/2020-159-vasakronan-signs-a-sek-2-billion-green-energy-loan-agreement-with-the-eib https://www.eib.org/en/press/all/2017-149-eib-supports-nearly-zero-energy-buildings-with-vasakronan" Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Ukraine | Clean conditional | UKRAINE PUBLIC BUILDINGS ENERGY EFFICIENCY | Buildings | Multiple energy types | Loan (Hybrid),loan guarantee (... | 352743000 | 06/10/2020 | Fiscal | Government of Ukraine | Energy efficiency | Government | "EIB Project 20190128: EIB financing - EUR 300.0 m. The funding will enable Ukraine to increase the energy efficiency of some 1 000 public buildings - , including schools, cultural centres, kindergartens and hospitals - and reduce energy consumption. The loan will enable the installation of modern equipment in buildings, such as meters and energy consumption control systems, the modernisation of heating, ventilation and lighting systems, and upgrades to exterior surfaces (facades, roofs, slab insulation, basement ceilings, replacement of windows and doors). The Ukrainian healthcare sector will directly benefit from upgrades, with new cooling systems and the integration of renewable energy sources and other COVID-19 response measures. NOTE #1: As of October 12, 2020, a formal project page had not yet been posted by EIB. NOTE #2: The date listed is that of a corresponding EIB news release." | " https://www.eib.org/en/projects/pipelines/all/20190128 https://www.eib.org/en/press/all/2020-261-ukraine-to-increase-energy-efficiency-of-public-buildings-with-eur300-million-loan-from-eib https://www.eib.org/en/press/all/2020-132-eib-support-to-ukraine-for-public-building-energy-efficiency-programmes" Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Poland | Clean conditional | UMICORE EUROPEAN LARGE-SCALE BATTERY MATERIALS | Mobility | Multiple energy types | Loan (Hybrid),loan guarantee (... | 141345000 | 10/06/2020 | Fiscal | Umicore (Belgian-based company) | Energy use (all energy types, consumption in transport, household use, buildings etc) | Public finance institution | "EIB Project 20190611: EIB financing - EUR 125.0 m. The investment is for the implementation of a cathode material manufacturing facility. The cathode material will be supplied to battery manufacturers of high-tech lithium-ion batteries, which are primarily dedicated to the electrical vehicles markets. The investment period covers 2019 - 2021 included." | " https://www.eib.org/en/projects/loans/all/20190611 https://www.eib.org/en/press/all/2020-148-eib-and-umicore-conclude-eur125-million-loan-for-battery-materials-production-in-poland" Accessed Jan 15, 2021 |
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| European Investment Bank (EIB) | Sweden | Clean unconditional | NORTHVOLT ETT -LARGE SCALE BATTERY PLANT | Other sector | Multiple renewable | Loan (Hybrid),loan guarantee (... | 350308000 | 28/07/2020 | Fiscal | NORTHVOLT AB | Electricity storage or transmission or distribution | Public finance institution | "EIB Project 20170359: EIB financing - EUR 298,711,274. The project concerns the promoter's investments in Skellefteå, Sweden, for the design, construction, commissioning and operation of a lithium-ion (Li-ion) battery cell manufacturing facility with a capacity of 16 GWh. The project is structured into two components, each consisting of a block with a manufacturing capacity of 8GWh. The advanced Li-ion cells to be manufactured at the plant will be used in batteries for transport, stationary storage and industrial and consumer applications. Noting the region’s clean power base, building the factory in northern Sweden will enable Northvolt to utilise 100% renewable energy within its production processes." | " https://www.eib.org/en/projects/loans/all/20170359 https://www.eib.org/en/press/all/2020-208-european-backing-for-northvolt-s-battery-gigafactory-in-sweden https://www.eib.org/en/press/all/2019-127-european-backing-for-northvolt-s-battery-gigafactory-in-sweden" Accessed 15 Jan 2021 |
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| European Investment Bank (EIB) | Poland | Clean conditional | EV BATTERY GIGAFACTORY POLAND | Mobility | Multiple energy types | Loan (Hybrid),loan guarantee (... | 536342000 | 06/03/2020 | Fiscal | LG CHEM WROCLAW ENERGY SP ZOO | Energy use (all energy types, consumption in transport, household use, buildings etc) | Public finance institution | "EIB Project 20190378: EIB financing - EUR 480.0 m. The project will finance the design, construction, commissioning and operation of an innovative large-scale integrated lithium-ion battery cells-to-packs manufacturing facility for the supply of European automotive manufacturers with advanced 3rd generation li-ion batteries for electric vehicles. The EIB-backed project will have an annual production capacity of over 35 GWh, which can potentially power more than 500 000 zero-emission electric cars per year." | https://www.eib.org/en/projects/loans/all/20190378 Accessed 15 Jan 2021 |
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