MNI BRIEF: Ex-BOC's Poloz Sees 20% CAD Drop In Trade War

MNI BRIEF: Carney Says US Tariffs Will Boost Inflation, Rates

MNI: US JAN FINAL SERVICES PMI 52.9 (FLASH: 52.8); DEC 56.8

MNI NBP WATCH: Rates Held At 5.75%, Trump Risk Highlighted

MNI BRIEF: U.S. Wage Growth Stagnating At Strong Levels - ADP

MNI China Daily Summary: Wednesday, February 5

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Wednesday

EZ/UK Bond Supply Calendar: Spain, France Auction; Finland ORI

US EIA: CRUDE OIL STOCKS EX SPR +8.66M TO 423.8M JAN 31 WK

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

POWER: EIB approves €2.4bn for Renewables, Hydrogen and Grids

POWER
BulletPower BulletsEnergy BulletsCommodities

 The EIB has approved €2.4bn in financing for clean energy, business investment, transport, and telecoms in the EU, with significant investments in electricity grids, hydrogen refuelling, and Ukraine's energy system repairs, it said.

  • €791mn will support expanding hydrogen production for transport, enhancing electricity distribution, and improving flood protection in Poland.
  • Additionally, €879mn will be allocated for business innovation and investments aimed at improving energy efficiency and sustainability.
  • This includes funding for automotive component R&D at 15 sites across Europe and low-carbon glass production in France and Spain.
  • The EIB also approved €100mn in financing to repair Ukraine's damaged municipal heating infrastructure.
  • The remainder of the funds will be used to support EU telecommunications and some projects outside the EU.
114 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

 The EIB has approved €2.4bn in financing for clean energy, business investment, transport, and telecoms in the EU, with significant investments in electricity grids, hydrogen refuelling, and Ukraine's energy system repairs, it said.

  • €791mn will support expanding hydrogen production for transport, enhancing electricity distribution, and improving flood protection in Poland.
  • Additionally, €879mn will be allocated for business innovation and investments aimed at improving energy efficiency and sustainability.
  • This includes funding for automotive component R&D at 15 sites across Europe and low-carbon glass production in France and Spain.
  • The EIB also approved €100mn in financing to repair Ukraine's damaged municipal heating infrastructure.
  • The remainder of the funds will be used to support EU telecommunications and some projects outside the EU.