EIB Group approves over €17 billion in new financing including for Romanian nuclear power and Ukraine-EU border crossings
Romania, July 16 -- The European Investment Bank (EIB) Group approved €17.4 billion in fresh financing to strengthen Europe's energy autonomy, competitiveness and strategic partnerships with Ukraine and countries beyond. The Boards of Directors of the EIB and the European Investment Fund (EIF) approved the new financing package this week in Luxembourg.The EIB Group committed €3.7 billion for projects that will make Europe less dependent on fossil fuels and accelerate its energy transition. The financing will support nuclear power in Romania, new electricity networks in Belgium and Spain, wind farms in Germany and solar generation in France.The projects include an €800 million EIB loan for the refurbishment and life extensi...
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