At a meeting of the European Battery Alliance on Tuesday 19 May, European Investment Bank (EIB) Vice-President Andrew McDowell, confirmed the Bank’s commitment to supporting a strong, independent European battery industry. The alliance was initiated by European Commission Vice President Maroš Šefčovič in 2017, who also hosted the meeting. The…

The EIB Group is set to play a key role in the fight against the economic consequences of the COVID-19 pandemic. Following a recommendation by the Eurogroup on 9 April, the Board of Directors of the European Investment Bank (EIB) today backed the creation of a €25 billion European COVID-19 guarantee…

The plunging demand for oil wrought by the coronavirus pandemic combined with a savage price war has left the fossil fuel industry broken and in survival mode, according to analysts. It faces the gravest challenge in its 100-year history, they say, one that will permanently alter the industry. With some calling the…

UK Export Finance (UKEF) has announced today that it received £2 billion funding towards its lending facility for clean energy projects. The new funding amount has been allocated to support clean growth projects as global economies shift away from fossil fuels to renewable and low carbon solutions. UKEF recently provided…

The number of new renewable energy projects in the UK that have asked for planning permission reached a four-year high with 2269 applications last year. The increase was due to energy companies racing to meet the rising demand for clean electricity. According to consultancy PX Group, the number of applications rose…

A North East based renewable energy developer has secured additional funding to construct biogas generation facilities in Staffordshire, with help from UK Top 100 northern law firm Ward Hadaway. The proposed facility converts agricultural feedstock and waste material into green gas for injection into the gas mains. When operational the…

The EIB has signed an EUR 18 million loan agreement with the Latvian national promotional institution ALTUM to finance energy efficiency projects by Latvian companies. The financing is complemented by a  EUR 3 million guarantee under the “Private Finance for Energy Efficiency (PF4EE)” instrument, provided by the European Union under…

Barclays has worked with the University of Worcester to agree a £2m Green Asset Finance fund, which will be used to deliver on the institution’s commitment to sustainability. After becoming the first English university to secure EcoCampus Platinum status in 2010, and being named ‘Sustainability Institution of the Year’ in…

Following its acquisition of the IPO seed portfolio in December 2018, SEEIT has made five further portfolio acquisitions including the latest $110m investment in a portfolio of assets in the United States, the completion of which was announced on 5th February. The portfolio is now diversified by asset type, counterparty…

London, 13 February 2020: Cubico Sustainable Investments (Cubico), a leader and global investor in renewable energy, has acquired and achieved financial close for the 102 MW Midlands solar PV project in Calhoun County, South Carolina, USA. Midlands benefits from a 20 year PPA with Dominion. The project is the third…