EU funding

The Oslo-based investor has already invested from its second fund in three firms providing technology and services to the sustainable fish farming industry.

The DEG loan to the CRBD bank will use a guarantee from the European Fund for Sustainable Development Plus, and will support small businesses including those owned by women and young adults.

The financing supports the construction of four solar parks with a total capacity of 329 megawatts by renewable energy developer Sunly.

Driven by artificial intelligence, STIQ’s virtual kitchen technology platform helps reduce waste in the food services business.

Renalfa IPP has closed a financing deal from investors to build out renewable energy capacity across Bulgaria, Hungary, Romania, and North Macedonia.

Renowned for its record-breaking waves which attract surfers from all over the world, Portugal’s coastline may produce as much as 15 gigawatts of wave energy.  

The commitment by the European Investment Fund is backed by the InvestEU programme, which aims to unlock €327bn in green investments by 2027.  

The Dutch venture capital fund, which focuses on climate change, biodiversity loss and natural resource depletion, is backed by a range of institutional and European investors.

The money will be made available for small and medium-sized businesses and mid-caps, with a particular focus on financing climate-relevant and agricultural projects across the European Union.

The European Investment Bank and the Institut Català de Finances have signed a €100m loan agreement to support SME investment in sustainability and climate change adaptation and mitigation.