The funds will be used for investments in energy storage infrastructure in southwestern Spain, in line with EIB’s action plan to support the REPowerEU initiative to improve the EU’s energy security and to reduce dependence on fossil fuel imports.
The Nigerian firm provides distributed solar power systems to off-the-grid customers and to those battling with the country’s unreliable and increasingly costly grid supply.
InfraCredit has also attracted direct equity investment from two local pension funds, in addition to the UK programme, as part of its listing on Nigeria’s NASD market.
The European Commission-backed public-private partnership investment vehicle has appointed SUSI as its portfolio manager as it focuses on the transition to a low carbon future.
The funding is intended to support economic growth and digital inclusion by facilitating improved access to computer processing capacity across the continent.
The latest report from Dutch impact investment consultancy Phenix Capital has found that Europe is the most popular region targeted by infrastructure funds with 57% of investment targeted at European projects.
An agreement to provide a €500m counter-guarantee for BNP Paribas adds to a growing list of similar pacts with European banks in support of the wind industry.
The European Investment Bank has provided €55m in EU guarantee-backed funds under the Ukraine Recovery Programme to reconstruct critical social infrastructure in 2025 and beyond.
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