european investment bank

European Investment Bank mulls shifting lending to batteries and market-based clean energy projects as part of policy reboot to help EU lead fight against climate change.

Funding package of US$150m will finance solar and onshore wind projects that will generate 1,900 jobs.

The EU has committed to lending €145 million (US$163 million) and the ICO up to €140 million (US$156 million) to the largest solar project under construction in Europe.

Solar PV to reap 20-35% of investments by vehicle billed as the largest renewable-only funding structure seen to date in Europe.

The German subsidiary of UK firm Oxford Photovoltaics (PV) has been awarded €15 million (~US$18 million) by the European Investment bank (EIB) to support the commercialisation of the company’s perovskite photovoltaic technology.

The European Investment Bank (EIB) will provide US$150 million to renewable energy company Enel Green Power Perú to build and operate both a wind farm and PV power plant currently under construction within the country.