The European Investment Bank (EIB) has approved framework financing of up to €1.7 billion for Solaria to support the construction of some 120 photovoltaic power plants. Mostly located in Spain, as well as Italy and Portugal, they will have a total capacity of approximately 5.6 GW and will produce an estimated 9.29 TWh…

New jobs and investment are set to come to Scotland as the UK Government today unveils ambitious plans to scale up affordable, clean, homegrown power and build thriving green industries in Britain. After decades of reliance on importing expensive, foreign fossil fuels, the UK Government is delivering a radical shift…

Ambitious plans to scale up affordable, clean, homegrown power and build thriving green industries in Britain have been unveiled by the government today (Thursday 30 March) – boosting the country’s energy security and independence and reducing household bills for the long term and maintaining a world-leading position in achieving net…

The European Investment Bank (EIB) has granted a EUR 300 million loan to novobanco to facilitate the financing of projects undertaken by SMEs (firms with up to 250 employees), MidCaps (firms with up to 3000 employees) and Public Sector Entities (PSEs). The loan agreement was signed in Lisbon today. The…

London law firm Howard Kennedy is pleased to announce that it has successfully advised on the acquisition of the third battery energy storage project for Atlantic Green UK Ltd, a joint venture between Interland (25%) and Nofar Energy (75%). The new project (260 MWh), which will add to the success…

Kenya Electricity Generating Company (KenGen) today hosted the Vice President of the European Investment Bank (EIB), Mr. Thomas Östros at the Olkaria Geothermal Power Plant. The visit showcased the longstanding partnership between KenGen and EIB and explored potential areas of partnership for future collaboration. “The European Investment Bank is committed…

Countries around the world are urgently seeking alternatives to fossil fuels in order to lower greenhouse gas (GHG) emissions and thereby limit global warming. One of the ways in which this can be achieved is by replacing natural gas with biomethane, but this can only be a viable solution if…

The financing will support Joo’s investment pipeline of 29 high-energy performance residential buildings, comprising 2107 new apartments. The new apartments will have an average energy performance 18% better than the current applicable regulation. The European Investment Bank (EIB) and Joo Group, company that develops and manages rental properties in urban…

The City Climate Finance Gap Fund (Gap Fund) announced today the second round of cities that will receive free technical assistance to prepare bankable urban climate projects. The cities are located in Montenegro, Ecuador, South Africa, Vanuatu, Mexico and Ukraine. The projects include greening urban spaces, energy efficiency, renewable energy,…

The European Commission, together with the European Investment Bank (EIB), is once again allocating funds for European Local Energy Assistance (ELENA). This time, it is for the Primavera project: €2.48 million in financing for Nasuvinsa (Navarra de Suelo y Vivienda, S.A.) to promote energy efficiency and renewable energy in existing residential…