Connection

popular articles

USA: US$1.2 billion agreement for EV battery plant
TotalEnergies disposes of its mature assets in Brunei
US refineries in turmoil as inventories dwindle
ABO Wind launches its largest solar farm in Spain
Croatia: Ohmium and IVICOM join forces for first green hydrogen project

ISB funding strengthens REPowerEU

An additional €30 billion of ISB funding, approved by the Board of Directors, will be provided to support the REPowerEU plan.

Please share:

An additional €30 billion of ISB funding, approved by the Board of Directors, will be provided to support the REPowerEU plan. Among the sectors targeted by this financing are renewable energy, energy efficiency and advanced technologies.

Targeted funding

ISB funding will be in the form of loans and equity financing by 2027. 115 billion for new investments. Over the past decade, the EIB has already made a significant contribution to financing the energy sector in the Union.

Funding averaged $10 billion per year. ISB aligns all of its financing operations with the goals of the Paris Agreement. The additional funds are for renewable energy.

ISB funding will support energy efficiency, storage networks and electric vehicle charging infrastructure. In addition, advanced technologies such as hydrogen are also included in this funding. In addition, the ISB Board of Directors approved technical and policy measures.

A European policy

IEB’s funding measures are designed to maximize the impact of new investments, as well as accelerate their pace. These provisions will make ISB loans more attractive to energy sector players. In particular, they will offer longer maturities and larger initial disbursements.

This ISB funding is part of the strategy set by the REPowerEU plan. It aims to make a substantial contribution to ending Russia’s dependence on fossil fuels. The chairman of the ISB group, Werner Hoyer, identifies this dependence as a critical vulnerability for European security.

Thus, the ISB declares its readiness to work with the private sector and to invest heavily to maximize the impact of these funds. Ursula Von der Leyen states:

“With the ISB contribution announced today, we can move even faster to clean up Europe’s energy system and end our dependence on Russian fossil fuels.”

The additional EIB funding is aimed at improving Europe’s energy security.

Register free of charge for uninterrupted access.

Publicite

Latest news

Ukraine Accuses Slovakia of Blocking €2 Billion Gas Transit
Steelhead LNG accuses Cedar LNG of exploiting data for $1 billion
NANO Nuclear Energy acquires modular reactors for $8.5 million
China: CATL redefines safety with a chassis tested at 120 km/h
Canada records a 2.4% increase in electricity production in October

Recently published in

Moldova supports 55% pro-European votes amid Russian pressures

Re-elected with 55% of the votes, Maia Sandu embodies the pro-European choice of Moldovans. This decision, however, faces external interference and a growing energy crisis.
The United States strengthens its climate target with a 66% reduction in emissions
The new American plan aims for a 66% reduction in emissions by 2035, focusing on local policies and investments in clean energy, with significant implications for markets and regulation.
en_11401014540
The United States strengthens its climate target with a 66% reduction in emissions
The new American plan aims for a 66% reduction in emissions by 2035, focusing on local policies and investments in clean energy, with significant implications for markets and regulation.
en_11401014540
Colombia sanctioned for violations on 370 km of U’wa indigenous lands linked to energy projects
The Inter-American Court of Human Rights has condemned Colombia for violating U'wa rights by approving seven energy projects impacting 370 km of their protected ancestral lands.
en_1140990540
Colombia sanctioned for violations on 370 km of U’wa indigenous lands linked to energy projects
The Inter-American Court of Human Rights has condemned Colombia for violating U'wa rights by approving seven energy projects impacting 370 km of their protected ancestral lands.
en_1140990540
Germany: Olaf Scholz Faces Electricity Price Surge at €936/MWh
Green electricity outages in Germany jeopardize Olaf Scholz’s energy policy. Amid internal criticism and European tensions, the German model is under scrutiny ahead of the legislative elections.
en_1140985540
Germany: Olaf Scholz Faces Electricity Price Surge at €936/MWh
Green electricity outages in Germany jeopardize Olaf Scholz’s energy policy. Amid internal criticism and European tensions, the German model is under scrutiny ahead of the legislative elections.
en_1140985540

Spanish Parliament Rejects the Continuation of the Tax on Energy Companies

Spanish lawmakers rejected the continuation of an exceptional tax on energy companies, highlighting significant parliamentary disagreement and raising concerns about the future of investments tied to the country's energy transition.
The EU Introduces a CO2 Label for Air Travel
Starting July 2025, a European label will allow passengers to compare CO2 emissions from flights, aiming to promote less polluting options.
en_1140953540
The EU Introduces a CO2 Label for Air Travel
Starting July 2025, a European label will allow passengers to compare CO2 emissions from flights, aiming to promote less polluting options.
en_1140953540
National Grid: a record £35 billion investment to modernize the UK’s electricity grid
The UK electricity grid operator, National Grid, announces an ambitious £35 billion plan to double electricity transmission capacity by 2031, in alignment with the government's environmental goals.
en_1140945540
National Grid: a record £35 billion investment to modernize the UK’s electricity grid
The UK electricity grid operator, National Grid, announces an ambitious £35 billion plan to double electricity transmission capacity by 2031, in alignment with the government's environmental goals.
en_1140945540
Nigeria approves Shell’s $2.4 billion sale of 30% onshore assets
Nigeria approves Shell's $2.4 billion sale of 30% onshore assets
en_1140956540
Nigeria approves Shell’s $2.4 billion sale of 30% onshore assets
Nigeria approves Shell's $2.4 billion sale of 30% onshore assets
en_1140956540

California and PG&E: A $15 Billion Loan to Strengthen Energy Policy

The Department of Energy grants a conditional $15 billion loan to PG&E to modernize California's infrastructure. This project is part of a larger effort to transform regional energy policy.
Sweden Criticizes Germany on Energy Policy as Electricity Prices Rise
Germany’s energy policy, marked by the nuclear phase-out, has driven electricity prices up in Sweden, affecting households and businesses. Stockholm accuses Berlin of neglecting regional impacts and suspends a key interconnection project.
en_1140975540
Sweden Criticizes Germany on Energy Policy as Electricity Prices Rise
Germany’s energy policy, marked by the nuclear phase-out, has driven electricity prices up in Sweden, affecting households and businesses. Stockholm accuses Berlin of neglecting regional impacts and suspends a key interconnection project.
en_1140975540
Kazakhstan secures 6 million euros to modernize its energy grid
A project supported by the UNDP and the European Union aims to reduce energy losses and modernize Kazakhstan's electric infrastructure, the largest greenhouse gas emitter in Central Asia.
en_1140934540
Kazakhstan secures 6 million euros to modernize its energy grid
A project supported by the UNDP and the European Union aims to reduce energy losses and modernize Kazakhstan's electric infrastructure, the largest greenhouse gas emitter in Central Asia.
en_1140934540
France: €200 billion needed to modernize electrical grids, says the Court of Audit
The Court of Audit reveals €200 billion in investment needs to modernize French electrical grids by 2040, urging a balance between shareholder and consumer financial efforts.
en_1140972540
France: €200 billion needed to modernize electrical grids, says the Court of Audit
The Court of Audit reveals €200 billion in investment needs to modernize French electrical grids by 2040, urging a balance between shareholder and consumer financial efforts.
en_1140972540

Trump’s Proposed 25% Tariffs Could Disrupt North American Trade

Donald Trump's proposal to impose a 25% tariff on all imports from Canada and Mexico risks disrupting supply chains and increasing costs for American businesses and consumers.
Energy Permits: Congress Delays Reforms Until the Next Session
Reforms aimed at accelerating energy permits have been excluded from the U.S. budget bill, postponing discussions to a Republican-led Congress that plans more ambitious changes.
en_1140919540
Energy Permits: Congress Delays Reforms Until the Next Session
Reforms aimed at accelerating energy permits have been excluded from the U.S. budget bill, postponing discussions to a Republican-led Congress that plans more ambitious changes.
en_1140919540
The U.S. Supreme Court examines California’s right to impose electric vehicle quotas
The U.S. Supreme Court reviews the fuel industry’s challenge against California’s exclusive right to impose electric vehicle sales targets, a key issue for national emission standards.
en_1140914540
The U.S. Supreme Court examines California’s right to impose electric vehicle quotas
The U.S. Supreme Court reviews the fuel industry’s challenge against California’s exclusive right to impose electric vehicle sales targets, a key issue for national emission standards.
en_1140914540
Japan: The share of renewable energy could double by 2040-2041
Japan plans to reduce its reliance on thermal energy to 30%-40% by fiscal year 2040-2041 while significantly increasing renewable energy, according to a draft Strategic Energy Plan.
en_1140918540
Japan: The share of renewable energy could double by 2040-2041
Japan plans to reduce its reliance on thermal energy to 30%-40% by fiscal year 2040-2041 while significantly increasing renewable energy, according to a draft Strategic Energy Plan.
en_1140918540

Biden Engages in a Major Reform on Oil and Gas Project Financing

In response to climate pressures, the Biden administration proposes limiting public support for oil and gas projects abroad. An initiative that could redefine global energy policy.
Morocco provides Niger with a 20 MW power plant to address supply deficits
Niger has received a 20 MW diesel power plant as a strategic donation from Morocco. This project aims to strengthen local production in a context marked by high dependency on Nigeria for energy supply.
en_1140908540
Morocco provides Niger with a 20 MW power plant to address supply deficits
Niger has received a 20 MW diesel power plant as a strategic donation from Morocco. This project aims to strengthen local production in a context marked by high dependency on Nigeria for energy supply.
en_1140908540
Libya: Zawiya Refinery Shut Down After Violent Clashes
The Zawiya refinery, essential for fuel supply in Libya, has suspended its activities after armed clashes caused significant fires and sparked a local crisis.
en_1140910540
Libya: Zawiya Refinery Shut Down After Violent Clashes
The Zawiya refinery, essential for fuel supply in Libya, has suspended its activities after armed clashes caused significant fires and sparked a local crisis.
en_1140910540
Adani’s Port Project in Sri Lanka to Continue Despite Controversies
Despite corruption charges against Gautam Adani, CEO of the eponymous conglomerate, Sri Lanka confirms the continuation of the strategic Colombo container terminal project, vital for its struggling economy.
en_1140875540
Adani’s Port Project in Sri Lanka to Continue Despite Controversies
Despite corruption charges against Gautam Adani, CEO of the eponymous conglomerate, Sri Lanka confirms the continuation of the strategic Colombo container terminal project, vital for its struggling economy.
en_1140875540

Drop in Electricity Prices in Estonia Thanks to Wind and Imports

Electricity prices in Estonia fell by 9.6% in November, averaging €82.56/MWh, driven by increased wind energy production and higher-than-average temperatures.
Utah Invests $20 Million to Develop Nuclear and Geothermal Energy
Utah Governor Spencer Cox proposes an ambitious budget to double energy production within ten years, focusing on nuclear and geothermal energy, contrasting with federal priorities on solar energy.
en_1140848540
Utah Invests $20 Million to Develop Nuclear and Geothermal Energy
Utah Governor Spencer Cox proposes an ambitious budget to double energy production within ten years, focusing on nuclear and geothermal energy, contrasting with federal priorities on solar energy.
en_1140848540
European Industry Weakened by Exorbitant Energy Costs
Energy prices in Europe far exceed those in the United States and China, putting the manufacturing industry at a disadvantage. An urgent review of energy and industrial policies is needed to safeguard European competitiveness.
en_1140828540
European Industry Weakened by Exorbitant Energy Costs
Energy prices in Europe far exceed those in the United States and China, putting the manufacturing industry at a disadvantage. An urgent review of energy and industrial policies is needed to safeguard European competitiveness.
en_1140828540
SSE unveils £22 billion investment plan for strategic energy infrastructure
SSE Transmission submits an ambitious plan to Ofgem, aiming for £22 billion in investments to support energy transition, create thousands of jobs, and strengthen Scotland's electricity infrastructure.
en_1140822540
SSE unveils £22 billion investment plan for strategic energy infrastructure
SSE Transmission submits an ambitious plan to Ofgem, aiming for £22 billion in investments to support energy transition, create thousands of jobs, and strengthen Scotland's electricity infrastructure.
en_1140822540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS