Posts Tagged ‘European Investment Bank’
EIB supports Estonia in creating a new business model for rental housing market
European Investment Bank (EIB) have launched a cooperation to increase the availability of affordable and high-quality housing in Estonia. The aim is to develop a financing solution that helps mitigate the risks faced by private-sector developers outside major cities as well.
“Estonia is not just Tallinn. About a third of Estonia’s population lives outside Harju, Tartu and Pärnu counties, yet only up to two percent of new dwellings are built there,” said Minister of Infrastructure Kuldar Leis. “For developers, the risks are simply too high. This hampers labour mobility and regional development. Cooperation with the EIB helps bring modern rental housing to smaller centers. The aim is to arrive at a solution where state intervention is minimal and housing development can function as market driven as possible.”
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Originally published on 17 Feb
Read More€1,6 billion in EIB Group financing backed Finland’s green transition and innovation in 2025
In 2025, the European Investment Bank (EIB) and the European Investment Fund (EIF), which together form the EIB Group, provided financing to Finnish public sector bodies and companies across a range of sectors, from sustainable transport and social infrastructure to advanced technologies and small business finance. The funding supported climate action, energy security, innovation and access to finance for startups and small and medium-sized enterprises. Total EIB Group financing amounted to around €1,6 billion and the support helped mobilise total investments in Finland of about €4.9 billion – equivalent to 1.8% of GDP or €868 per person.
Among the year’s key projects was EIB support for new tram infrastructure in the Helsinki metropolitan area, strengthening sustainable urban mobility and reducing emissions from transport. The EIB also financed upgrades to hospitals and schools across Finland, improving energy efficiency and resilience in essential public services, as well as investments to enhance safety and reliability at the Olkiluoto nuclear power plant, supporting secure low-carbon electricity generation.
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Originally published on 4 Feb
Read MoreLithuania receives increased EIB Group financing of €577 million in 2025 with major defence, energy projects
The European Investment Bank (EIB) Group’s financing in Lithuania rose 29% to €577 million last year on the back of stepped-up support for security and defence in the country. The increase in 2025 also helped expand renewable energy and upgrade water networks in Lithuania.
The EIB Group’s activity in Lithuania last year represented 0.7% of its gross domestic product (GDP) and helped mobilise €1.4 billion in total investments – equivalent to 1.7% of GDP. The operations supported around 1,500 small and medium-sized enterprises (SMEs) and Mid-Caps and helped sustain more than 17,000 jobs across the country.
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Originally published on 30 Jan
Read MoreLatvia receives record-high EIB Group financing of €381 million in 2025
The European Investment Bank (EIB) Group increased financing for Latvia to a record €381 million in 2025 to speed up the green transition, strengthen infrastructure and promote loans for households and businesses. The EIB Group last year also opened its first office in Riga to anchor a closer partnership with authorities, companies and financial intermediaries in the country.
“2025 was a significant year for the EIB Group in Latvia,” said EIB Vice-President Karl Nehammer. “With record financing and our new office in Riga, we are now closer to our partners than ever before – supporting energy security, modern infrastructure and better access to finance for people and businesses across the country.”
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Originally published on 30 Jan
Read MoreNokia secures €870 million loan from EIB to drive Europe’s leadership in advanced mobile technologies
The EIB loan will support Nokia’s research and development in radio access networks, covering both hardware and software. These technologies are key to boosting the performance, energy efficiency and cybersecurity of mobile systems. They also lay the groundwork for integrating artificial intelligence in future 6G networks. The project helps retain high-skilled jobs and critical intellectual property within Europe.
“Nokia’s innovations in 5G and 6G are key to Europe’s digital future,” said EIB Vice-President Karl Nehammer. “By supporting this R&D programme, we are helping to secure strategic autonomy in next-generation network technologies and strengthen Europe’s competitiveness in a critical sector.”
Headquartered in Espoo, Nokia is a global leader in fixed, mobile and cloud network technologies, with operations in more than 130 countries and over 78,000 employees. The company invested €4.5 billion in R&D in 2024, representing 23% of its annual revenue.
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Originally published on 16 Dec
Read MoreSweden: Pioneer ECAPS gets EIB financing to develop cutting-edge technologies for space and defence
The European Investment Bank (EIB) is lending Swedish aerospace company ECAPS AB €20 million to accelerate the development of high-performance rocket engines and propulsion capabilities. The financing will also support advances in dual-use technologies, which can be deployed for both civilian and defence purposes.
The support by the EIB is through its TechEU initiative and takes the form of venture debt, a type of loan designed for high-growth startups and scaleups that provides additional capital without diluting ownership. The goal is to bolster production of cutting-edge space technologies within the European Union and to enhance EU security.
The financing will contribute to ECAPS’s €47 million plan to scale its proprietary propellant and rocket engines, which are more efficient and cost-effective than traditional technologies. They also offer higher performance and safer handling compared to traditional hazardous solutions.
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Originally published on 10 Dec
Read MorePoland: With €600 million loan, EIB is the main financier behind new offshore wind farm
The European Investment Bank (EIB) will contribute €600 million and become the largest lender to the construction of BC-Wind, a 390 MW offshore wind windfarm in the Baltic Sea set to supply nearly half a million Polish households and businesses with clean power. Developed by Ocean Winds, an ENGIE and EDPR joint venture, the wind farm will sit over 20 kilometres off Poland’s western coast and is expected to start production in 2028. It marks the fourth major offshore project backed by the EIB in Poland, and the third one signed in the country just this year.
“The EIB’s persistent commitment to supporting climate, economic competitiveness and Europe’s strategic sovereignty stands behind this beneficial, long-term loan for the construction and operation of BC-Wind, a new offshore wind project in the Polish economic zone in the Baltic Sea. As the climate bank of the European Union, the EIB is a trusted partner of ambitious energy transition in Poland from renewable sources to grid modernisation to energy efficiency and affordability. The latest addition to Poland’s rapidly growing offshore wind industry, BC-Wind will help reduce Poland’s carbon emissions and ensure energy security for people and businesses,” said EIB Vice-President Teresa Czerwińska.
BC-Wind will consist of 26 bottom-fixed turbines, each with a maximum capacity of 15 MW. Ocean Winds has already secured all of the required permits, as well as a 25-year contract for difference to underpin future sales. On Dec.1, the company announced the sealing of an around €2 billion financing agreement with 15 lenders, which means construction can start in 2026.
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Originally published on 1 Dec
Read MoreLithuania secures €300 million EIB loan to boost defence on EU’s eastern border
In yet another major step to reinforce European security, the European Investment Bank (EIB) is providing €300 million to the Lithuanian government for investments in military infrastructure. The loan marks a strategic milestone in reinforcing the EU’s eastern border, where Lithuania plays a key role in NATO’s collective defence and rapid-response capabilities.
The financing will help Lithuania strengthen its defence capabilities through investments in key areas: harbour boats for piloting and towing, medical transport and equipment, and new infrastructure for residential, administrative, training, transport and logistics needs. The upgrades will support the Lithuanian Armed Forces and help meet North Atlantic Treaty Organization commitments.
The signed loan is part of a broader €500 million investment package approved by the EIB for this operation. It complements a €540 million loan approved earlier this year for the NATO military base in Rūdninkai, along with advisory support. Together, this brings EIB Group support for Lithuania’s defence to over €1 billion in 2025.
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Originally published on 7 Nov
Read MoreEIB and Iberdrola sign a €500 million green loan for the Windanker offshore wind farm in German Baltic Sea
The European Investment Bank (EIB) has signed a €500 million green loan to Iberdrola for the Windanker offshore wind farm, a flagship clean energy project currently under construction in the German Baltic Sea.
The financing is guaranteed by the Spanish export credit agency, Cesce. This transaction with Iberdrola marks the inaugural use of a guarantee developed by the EIB and Cesce, to support green projects led by Spanish companies outside Spain, contributing to the European Union’s climate action and environmental sustainability objectives.
The new project will generate clean energy for thousands of homes, accelerate Europe’s electrification and energy security, driving new employment, economic opportunity, and state-of-the-art renewable energy innovation.
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Originally published on 3 Nov
Read MoreEIB backs upgrades of Finland’s Olkiluoto nuclear power plant with €90 million in financing
The European Investment Bank (EIB) is lending Finnish energy supplier Teollisuuden Voima Oyj (TVO) €90 million to upgrade two nuclear power units in Finland. The project involves reactors 1 and 2 of a power plant on the southwestern island of Olkiluoto and aims to ensure continued safe, low-carbon electricity generation in line with national and European Union rules.
TVO plans to update automation and control systems and replace components known as steam separators in the Olkiluoto 1 and 2 units. The upgrades, which will be implemented progressively over a multi-year timeline, are essential for maintaining high safety standards and operational reliability at the Olkiluoto power plant, which has a total of three units.
The planned improvements are required under Finnish and EU nuclear-safety legislation. They are part of TVO’s long-term investment programme to ensure safe and efficient operation of the Olkiluoto plant and follow other EIB-backed enhancements at the site in 2016.
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Originally published on 30 Oct
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