Press release: Investment Plan for Europe to support renewable energy and strategic infrastructure projects

New investment in energy efficiency, renewable energy, and strategic energy infrastructure, was among the more than EUR 8 billion of financing approved by the European Investment Bank board meeting on 19 May 2015.

The EIB Group’s Board of Directors approved loans for a total of 21 projects, including four projects earmarked, subject to agreement by the European Commission, for support from an EU budget guarantee under the European Fund for Strategic Investments (EFSI) once it is formally established. Approval by the board represents a key milestone prior to final negotiation of the loans.

• Primary Source

European Commission: DG Communication: RAPID: STATEMENT/15/5004, 19.05.15: Statement by the Commission following the EIB's decision of the next projects to be pre-financed as part of the Investment Plan for Europe http://europa.eu/rapid/press-release_STATEMENT-15-5004_en.htm

ESO: Background information: EIB Group proposes first operations for EFSI guarantee and rolls out the Investment Plan for Europe http://www.europeansources.info/record/press-release-eib-group-proposes-first-operations-for-efsi-guarantee-and-rolls-out-the-investment-plan-for-europe/

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