The Board of the EIB endorsed loans to support the production of offshore wind power in Germany and solar energy in Italy as well as the accelerated use of renewables by businesses in Austria. The financing also backs improvements in energy savings in heating systems in Latvia and Dutch grid upgrades that increase capacity for renewables and expand charging possibilities for electric vehicles.

Increasing clean power and energy savings in the European Union comes amid a supply crunch during the fifth year of Russia’s war against Ukraine and tensions in the Middle East.

“There is one clear lesson from Russia's invasion of Ukraine and the conflict in the Middle East: Europe needs to break free from its fossil fuel dependence” said EIB Group President Nadia Calviño. “The investments approved today confirm the commitment of the EIB Group to deliver on the energy transition and strengthen Europe’s strategic autonomy.”

The new financing supports EU policy priorities and the European Commission’s “Clean Energy Investment Strategy” from March 2026 as well as its “AccelerateEU” plan published this week. Under both initiatives, the EIB Group will work with the Commission to fast-track Europe’s switch from fossil fuels to clean energy.

In addition, 8 billion euros in fresh financing cover projects in the areas of urban development, business competitiveness and rail and road transport. The EIB Board agreed to finance projects involving city regeneration in Belgium, new and upgraded roads in Romania and business investments in Bulgaria, Italy and Spain.

The European Investment Fund (EIF) Board approved new guarantee and securitisation agreements to unlock financing for European businesses, boosting competitiveness and digitalisation. The EIF also backed new equity investments including in funds focused on security and defence, energy and gender equality. In addition, it endorsed eight TechEU operations that will broaden financing for European innovators.

Beyond the EU, the EIB approved financing for agricultural businesses in Benin as well as for expanded broadband internet access across Sub‑Saharan Africa. These initiatives contribute to the EU’s “Global Gateway” strategy and promote strong partnerships and Europe’s voice globally.

For additional information:

European Investment Bank (EIB)