News

The investment programme will partly consist of investment loans supported by the InvestEU programme. Within the framework of the Invest EU programme, Finnvera can finance investments worth a total of EUR 500 million.

In an important step to support investment in Europe, the European Commission and the European Investment Bank (EIB) Group have signed an agreement that increases the EU guarantee by around €5 billion, unlocking €22 billion in additional financing from the EIB and EIF under the InvestEU programme.

EIB financing of €24m will support Finnish deep-tech company Wirepas in developing software for large-scale industrial and commercial IoT. Backed by InvestEU, the financing will support R&D in Finland and France, strengthening Europe’s digital infrastructure and competitiveness.

The EBRD is providing PPC with a €175m loan to support renewable energy projects in Bulgaria, Greece and Romania. It will finance around 400 MW of new wind and solar capacity, boosting clean energy supply and decarbonisation in south-eastern Europe, backed by InvestEU.

The EBRD and the European Commission are strengthening their cooperation to support investment in the Bank’s EU countries of operation under the InvestEU programme. This will increase EU guarantees by €478 million and funding for advisory services by €11.4 million.

With a guarantee from InvestEU, the European Bank for Reconstruction and Development (EBRD) is boosting Latvia’s biomethane production capacity and use of renewable fuels with a €26 million loan to SIA Next Biogas, a subsidiary of the Netherlands-based HoSt Group.

Bulgarian Development Bank (BDB) and Investbank signed an agreement to provide guarantees under the InvestEU Programme. It makes it possible to grant new loans to businesses worth more than EUR 30 million.

The 127 MW / 254 MWh battery storage system, designed to strengthen Romania’s energy security, received €44 million in financing from the EBRD, with support from InvestEU.

The initiative will explore how independent external credit ratings can accelerate access to bank financing for innovative and fast-growing companies in Europe. EIB Advisory and INBONIS to run a pilot programme funded by the InvestEU Advisory Hub.