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European Investment Bank approves €4 billion in smart energy financing
15 Apr, 2019

The European Investment Bank (EIB) has green-lit €4 billion in financing for clean energy generation, green transport and clean water projects in 18 countries.

The funds will be channelled into green urban transport projects, which will target increasing the use of electric public transport such as buses, trams and rail-based transport in Marseille and Rotterdam, and will also extend credit to Danish projects focussing on energy efficiency.

Two new offshore wind farms off the coast of France at Saint Nazaire and Fecamp with a total capacity of 1GW will also receive funding, as well as energy efficiency and district heating improvements in Belarus.

Source: Smart Energy - https://www.smart-energy.com/renewable-energy/european-investment-bank-approves-e4-billion-smart-energy-financing/