EIB backs Kronospan's green energy push with €146 million loan
Luxembourg, March 19 -- The European Investment Bank (EIB) is lending €146 million to Kronospan, a leading European producer of wood-based panels, to help the company cut emissions and boost energy independence across its operations in Central and Eastern Europe.The investment will fund the roll-out of solar photovoltaic systems-both rooftop and ground-mounted-at Kronospan's production sites in Poland, the Czech Republic, and Slovakia. It also includes battery storage systems and the replacement of fossil-fuelled forklifts and lorries with electric vehicles.This project supports the EU's REPowerEU initiative and the EIB's climate action goals by helping a key industrial player reduce emissions and improve energy resilience. It also co...
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